Plan Ledger DOL Form 5500 · updated monthly

National Bank Holdings Corp401(k)

NATIONAL BANK HOLDINGS CORPORATION 401(K) PLAN · GREENWOOD VILLAGE, CO · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

National Bank Holdings Corp reported $266,915 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,402 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 0.29% to 0.37%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other management of companies employers. By assets it is the 168th-largest of 1,461 plans among Colorado employers on file, and the 233rd of 786 in management of companies. In 2024, employees put in $3.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$76,696,637
Participants with balances1,065
Active participants1,397
Employer contributions$1,958,293
Employee contributions$6,132,412
Employer contribution per active participant$1,402
Average account balance$72,016
Benefits paid to participants$10,903,721
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MAZARS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$76.7M · 1,065 accts · $2.0M emplr
2023$68.7M · 1,069 accts · $1.8M emplr
2022$57.4M · 1,076 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,294
Investment management$54,081
Audit (IQPA)$36,330
Total administrative$266,915
The National Bank Holdings Corp 401(k) match · 2024
Employer contribution per active participant$1,402
Median for plans this size$3,635
2024$1,402 per active participant
2023$1,397 per active participant
2022$1,354 per active participant

National Bank Holdings Corp's 2024 employer contribution ran below the $3,635 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
LOCKTON INVESTMENT ADVISORS LLC · Investment advisory (plan)$54,081
CBIZ MHM LLC · Accounting / audit$36,330

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$266,915 · 0.37%
2023$190,933 · 0.30%
2022$171,996 · 0.29%
Same employer
Similar plansManagement of Companies · Colorado
Firstbank Holding Company CO$651.3M · 0.02%
The Gores Group, LLC CO$423.9M · 0.06%
The Anschutz Corporation CO$99.5M · 0.09%
Summit Automotive Partners CO$37.7M · 0.52%
Msc Services, LLC CO$22.5M · 0.54%
Cordillera Corporation CO$14.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270563799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.