Plan Ledger DOL Form 5500 · updated monthly

Natco Products Corporation401(k)

NATCO PRODUCTS CORPORATION 401(K) PLAN · WEST WARWICK, RI · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Natco Products Corporation reported $127,279 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,043 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 0.57% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 92nd-largest of 286 plans among Rhode Island employers on file, and the 1,000th of 5,215 in retail trade. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,071,322
Participants with balances434
Active participants491
Employer contributions$511,941
Employee contributions$1,124,026
Employer contribution per active participant$1,043
Average account balance$71,593
Benefits paid to participants$4,066,983
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.1M · 434 accts · $512K emplr
2023$29.3M · 432 accts · $496K emplr
2022$25.1M · 417 accts · $492K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$126,329
Total administrative$127,279
The Natco Products Corporation 401(k) match · 2024
Employer contribution per active participant$1,043
Median for plans this size$2,416
2024$1,043 per active participant
2023$1,046 per active participant
2022$980 per active participant

Natco Products Corporation's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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 · 20243
MERRILL LYNCHindirect comp
THE ANGELL PENSION GROUP, INC.indirect comp
THE ANGELL PENSION GROUP, INC. · Other servicesindirect comp

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$127,279 · 0.42%
2023$118,284 · 0.44%
2022$160,798 · 0.57%
Same employer
Similar plansRetail Trade · Rhode Island
CVS Health Corporation RI$30.1B · 0.15%
Tasca Automotive Group, Inc RI$68.3M · 0.40%
Luxury Brand Holding, Inc. RI$21.3M · 0.03%
E & a Markets, Inc. RI$13.2M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050188360 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.