Plan Ledger DOL Form 5500 · updated monthly

Narda Holdings Inc.401(k)

NARDA-MITEQ 401(K) PLAN · HAUPPAUGE, NY · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Narda Holdings Inc. reported $13,542 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,363 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 fell from 0.20% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in New York (3,080th of 5,648), and 506th of 786 in management of companies. In 2024, employees put in $1.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,019,244
Participants with balances270
Active participants242
Employer contributions$1,297,775
Employee contributions$2,403,383
Employer contribution per active participant$5,363
Average account balance$51,923
Benefits paid to participants$1,003,624
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 270 accts · $1.3M emplr
2023$9.6M · 274 accts · $1.3M emplr
2022$5.1M · 278 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,542
Total administrative$13,542
The Narda Holdings Inc. 401(k) match · 2024
Employer contribution per active participant$5,363
Median for plans this size$2,416
2024$5,363 per active participant
2023$5,126 per active participant
2022$4,717 per active participant

Narda Holdings Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$13,542
ADP BROKER-DEALERindirect 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
2024ADP
2023ADP

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

Administrative cost history3
2024$13,542 · 0.11%
2023$9,255 · 0.13%
2022$5,114 · 0.20%
Same employer
Similar plansManagement of Companies · New York
Marwood Group & Co. USA LLC NY$16.2M · 0.73%
P&F Industries, Inc. NY$15.6M · 0.43%
Branford Chain, Inc. NY$14.7M · 0.09%
Innovate Corp NY$12.7M · 0.21%
Great Bowery, Inc. NY$10.7M · 0.11%
Hunt Enterprises, Inc. NY$9.0M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 871885097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.