Plan Ledger DOL Form 5500 · updated monthly

National Able Network Inc.401(k)

NATIONAL ABLE NETWORK INC. SAFE HARBOR 401(K) PROFIT SHARING PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

National Able Network Inc. reported $29,680 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $2,056 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 0.45% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Illinois (2,868th of 3,702), and 2,192nd of 3,341 in other services. In 2024, employees put in $1.60 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,746,174
Participants with balances142
Active participants87
Employer contributions$178,836
Employee contributions$286,641
Employer contribution per active participant$2,056
Average account balance$40,466
Benefits paid to participants$663,308
Plan auditUnmodified (clean) audit opinion
AuditorMOWERY & SCHOENFELD, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 142 accts · $179K emplr
2023$5.0M · 147 accts · $176K emplr
2022$4.4M · 181 accts · $192K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,680
Total administrative$29,680
The National Able Network Inc. 401(k) match · 2024
Employer contribution per active participant$2,056
Median for plans this size$1,313
2024$2,056 per active participant
2023$2,261 per active participant
2022$2,257 per active participant

National Able Network Inc.'s 2024 employer contribution ran above 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 · 20243
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$117
ASCENSUS · 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$29,680 · 0.55%
2023$18,833 · 0.40%
2022$21,890 · 0.45%
Similar plansOther Services · Illinois
Agencyea IL$6.4M · 0.15%
Josiah Venture, Nfp IL$5.5M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 237339397 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.