Plan Ledger DOL Form 5500 · updated monthly

Nardone Electrical Corporation401(k)

NARDONE ELECTRICAL CORPORATION 401K PLAN · WOBURN, MA · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Nardone Electrical Corporation reported $43,421 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $1,029 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 0.89% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Massachusetts (2,135th of 2,726), and 3,563rd of 5,337 in construction. In 2024, employees put in $3.69 for every $1.00 the employer contributed; active participation has grown from 119 to 169 since 2022.

Plan summary
Net assets, end of year$7,133,673
Participants with balances173
Active participants169
Employer contributions$173,944
Employee contributions$641,924
Employer contribution per active participant$1,029
Average account balance$41,235
Benefits paid to participants$353,018
Plan auditUnmodified (clean) audit opinion
AuditorMAMACOS BYSIEWICZ & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 173 accts · $174K emplr
2023$5.8M · 151 accts · $137K emplr
2022$5.1M · 131 accts · $135K emplr
The Nardone Electrical Corporation 401(k) match · 2024
Employer contribution per active participant$1,029
Median for plans this size$1,313
2024$1,029 per active participant
2023$983 per active participant
2022$1,131 per active participant

Nardone Electrical Corporation's 2024 employer contribution ran below the $1,313 median for plans its size. 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
RPW SOLUTIONS LLC · Contract administrator · Pension consulting$17,526
MAMACOS BYSIEWICZ AND ASSOCIATES · Accounting / audit$6,926
GLOBAL RETIREMENT PARTNERS LLC · Securities brokerage$6,263

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

Administrative cost history3
2024$43,421 · 0.67%
2023$49,132 · 0.91%
2022$48,612 · 0.89%
Similar plansConstruction · Massachusetts
Electrical Dynamics, Inc. MA$7.3M · 0.13%
Premier Fence, LLC MA$6.5M · 0.58%
Sea-Dar Enterprises, Inc. MA$6.5M · 0.77%
Homeworks Energy Inc MA$6.4M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042951662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.