Plan Ledger DOL Form 5500 · updated monthly

National Association for the Advancement of Colored People401(k)

THE NAACP 401(K) PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

National Association for the Advancement of Colored People reported $90,967 in plan administrative expenses for 2024: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,577 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 0.67% to 0.76%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Maryland (852nd of 1,671), and the 1,402nd of 3,341 in other services. In 2024, employees put in $1.00 for every $1.00 the employer contributed; active participation has grown from 138 to 184 since 2022.

Plan summary
Net assets, end of year$13,078,203
Participants with balances229
Active participants184
Employer contributions$842,178
Employee contributions$846,249
Employer contribution per active participant$4,577
Average account balance$57,110
Benefits paid to participants$614,534
Plan auditDisclaimer of opinion
AuditorBERT SMITH & CO
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 229 accts · $842K emplr
2023$11.0M · 211 accts · $752K emplr
2022$8.7M · 199 accts · $644K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,967
Total administrative$90,967
The National Association for the Advancement of Colored People 401(k) match · 2024
Employer contribution per active participant$4,577
Median for plans this size$2,416
2024$4,577 per active participant
2023$5,083 per active participant
2022$4,668 per active participant

National Association for the Advancement of Colored People'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 · 20243
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$33,570
MERRILL LYNCH - FAS · Investment advisory (participants)$18,032
MERRILL LYNCH - EPS · Investment advisory (participants)$18,032

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$90,967 · 0.76%
2023$71,088 · 0.72%
2022$62,175 · 0.67%
Same employer
Similar plansOther Services · Maryland
American Youth Hostels Inc. MD$12.5M · 0.02%
Woodmont Country Club MD$10.0M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131084135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.