Plan Ledger DOL Form 5500 · updated monthly

National Consumer Cooperative Bank401(k)

NATIONAL CONSUMER COOPERATIVE BANK RETIREMENT AND 401(K) PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

National Consumer Cooperative Bank reported $58,684 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,826 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 0.02% to 0.04%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 192nd-largest of 2,266 plans among Virginia employers on file, and the 717th of 4,798 in finance & insurance. In 2024, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$156,104,840
Participants with balances458
Active participants343
Employer contributions$3,370,169
Employee contributions$3,607,012
Employer contribution per active participant$9,826
Average account balance$340,840
Benefits paid to participants$11,040,167
Plan auditUnmodified (clean) audit opinion
AuditorCOUNCILOR, BUCHANAN & MITCHELL, PC
Plan history3
Yearassets · accounts · employer contribution
2024$156.1M · 458 accts · $3.4M emplr
2023$135.7M · 470 accts · $2.7M emplr
2022$115.2M · 470 accts · $3.3M emplr
Administrative expenses, itemized · 2024
Investment management$46,192
Audit (IQPA)$32,000
Total administrative$58,684
The National Consumer Cooperative Bank 401(k) match · 2024
Employer contribution per active participant$9,826
Median for plans this size$3,635
2024$9,826 per active participant
2023$8,339 per active participant
2022$9,771 per active participant

National Consumer Cooperative Bank's 2024 employer contribution ran above the $3,635 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 · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$46,192
401K ADVISORS INC. · Consulting · Investment advisory (plan)$43,500
COUNCILOR, BUCHANAN & MITCHELL, P. · Accounting / audit$32,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$58,684 · 0.04%
2023$55,869 · 0.04%
2022$29,540 · 0.02%
Similar plansFinance & Insurance · Virginia
Evolent Health LLC VA$289.2M · 0.22%
James a. Scott & Son, Inc. VA$228.4M · 0.02%
Stand Together Benefits, LLC VA$127.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521157795 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.