Plan Ledger DOL Form 5500 · updated monthly

National Association of Social Workers, Inc.401(k)

N.A.S.W. EMPLOYEES 401(K) BENEFIT PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

National Association of Social Workers, Inc. reported $69,373 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,225 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 3 years on file its reported administrative ratio has held roughly steady near 0.320%. 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 District of Columbia (318th of 618), and the 973rd of 3,341 in other services. In 2024, employees put in $2.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,277,494
Participants with balances247
Active participants210
Employer contributions$467,252
Employee contributions$1,380,373
Employer contribution per active participant$2,225
Average account balance$90,192
Benefits paid to participants$2,756,037
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 247 accts · $467K emplr
2023$21.1M · 283 accts · $451K emplr
2022$19.8M · 265 accts · $475K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,373
Total administrative$69,373
The National Association of Social Workers, Inc. 401(k) match · 2024
Employer contribution per active participant$2,225
Median for plans this size$2,416
2024$2,225 per active participant
2023$2,191 per active participant
2022$2,284 per active participant

National Association of Social Workers, Inc.'s 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$48,935
NEW YORK LIFE SECURITIES · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$69,373 · 0.32%
2023$53,269 · 0.26%
2022$69,507 · 0.32%
Same employer
Similar plansOther Services · District of Columbia
Public Citizen, Inc. DC$22.9M · 0.01%
Portland Cement Association DC$22.9M · 0.01%
Dnc Services Corp. DC$21.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 135643515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.