Plan Ledger DOL Form 5500 · updated monthly

Nasco Industries, Inc.401(k) + ESOP (KSOP)

NASCO INDUSTRIES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · WASHINGTON, IN · plan year 2023

Reported admin expense ratio · 2023
0.25%

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

Nasco Industries, Inc. reported $13,039 in plan administrative expenses for 2023: 0.25% of average plan assets, below the peer median. Employer contributions averaged $5,249 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 1 year on file its reported administrative ratio rose from 0.07% to 0.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (1,126th of 1,562), and 10,871st of 13,661 in manufacturing. In 2023, the employer put in $3.61 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$5,649,973
Participants with balances86
Active participants81
Employer contributions$425,204
Employee contributions$117,930
Employer contribution per active participant$5,249
Average account balance$65,697
Benefits paid to participants$354,040
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$5.6M · 86 accts · $425K emplr
2022$4.8M · 109 accts · $462K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,955
Total administrative$13,039
The Nasco Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$5,249
Median for plans this size$1,308
2023$5,249 per active participant
2022$5,133 per active participant

Nasco Industries, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231

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

Administrative cost history2
2023$13,039 · 0.25%
2022$3,045 · 0.07%
Similar plansManufacturing · Indiana
Functional Devices, Inc. IN$5.9M · 0.90%
Advanced Agrilytics LLC IN$5.8M · 1.31%
Poseidon LLC IN$5.8M · 0.37%
A.K. Industries, Inc. IN$5.5M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351447214 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.