Plan Ledger DOL Form 5500 · updated monthly

Napsteel, Inc.401(k)

NAPSTEEL/CASCADIA METALS 401(K) PLAN · LONGVIEW, WA · plan year 2024

Reported admin expense ratio · 2024
0.71%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Napsteel, Inc. reported $26,327 in plan administrative expenses for 2024: 0.71% of average plan assets, above the peer median. Employer contributions averaged $2,703 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.02% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (1,404th of 1,714), and 11,603rd of 13,661 in manufacturing. In 2024, employees put in $1.54 for every $1.00 the employer contributed; active participation has grown from 104 to 116 since 2022.

Plan summary
Net assets, end of year$4,268,300
Participants with balances119
Active participants116
Employer contributions$313,582
Employee contributions$483,324
Employer contribution per active participant$2,703
Average account balance$35,868
Benefits paid to participants$553,129
Plan auditUnmodified (clean) audit opinion
AuditorDELAP LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 119 accts · $314K emplr
2023$3.1M · 90 accts · $182K emplr
2022$2.5M · 70 accts · $141K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,327
Total administrative$26,327
The Napsteel, Inc. 401(k) match · 2024
Employer contribution per active participant$2,703
Median for plans this size$1,313
2024$2,703 per active participant
2023$1,643 per active participant
2022$1,353 per active participant

Napsteel, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$12,222
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)$12,361
HUNNEX AND SHOEMAKER, INC. · Contract administrator$1,743
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$26,327 · 0.71%
2023$5,100 · 0.18%
2022$423 · 0.02%
Same employer
Similar plansManufacturing · Washington
Mervin Manufacturing Inc WA$4.6M · 0.67%
Silfab Solar Wa Inc. WA$4.6M · 0.40%
Cobalt Enterprises, LLC WA$4.3M · 0.11%
Creo Industrial Arts, LLC WA$4.2M · 0.71%
Piller Aimmco, Inc. WA$4.1M · 0.52%
Portco Corporation WA$4.0M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911350954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.