Plan Ledger DOL Form 5500 · updated monthly

National Chain Co., Inc.401(k)

NATIONAL CHAIN CO., INC. 401(K) PLAN · WARWICK, RI · plan year 2022

Reported admin expense ratio · 2022
0.03%

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

National Chain Co., Inc. reported $2,500 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $543 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Rhode Island (202nd of 286), and 10,185th of 13,661 in manufacturing. In 2022, employees put in $5.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,986,943
Participants with balances80
Active participants184
Employer contributions$100,000
Employee contributions$500,940
Employer contribution per active participant$543
Average account balance$87,337
Benefits paid to participants$490,444
Plan auditUnmodified (clean) audit opinion
AuditorWEINBERG & COMPANY LLP
The National Chain Co., Inc. 401(k) match · 2022
Employer contribution per active participant$543
Median for plans this size$1,114

National Chain Co., Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$2,500 · 0.03%
Similar plansManufacturing · Rhode Island
Tanury Industries, Inc. RI$7.7M · 0.56%
Senesco Marine LLC RI$7.2M · 0.15%
Allesco Industries, Inc. RI$7.2M · 0.46%
Summer Infant (USA), Inc. RI$6.7M · 0.31%
Mearthane Products LLC RI$6.4M · 1.16%
Amring Worldwide, Inc. RI$5.4M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050426757 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.