Plan Ledger DOL Form 5500 · updated monthly

National Credit Services, Inc.401(k)

NATIONAL CREDIT SERVICES 401(K) PLAN · BOTHELL, WA · plan year 2022

Reported admin expense ratio · 2022
0.77%

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

National Credit Services, Inc. reported $41,928 in plan administrative expenses for 2022: 0.77% of average plan assets, above the peer median. Employer contributions averaged $3,038 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 finance & insurance employers. By assets it is among the smaller plans on file in Washington (1,365th of 1,714), and 4,461st of 4,798 in finance & insurance. In 2022, employees put in $6.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,769,258
Participants with balances69
Active participants5
Employer contributions$15,192
Employee contributions$101,632
Employer contribution per active participant$3,038
Average account balance$69,120
Benefits paid to participants$505,535
Plan auditUnmodified (clean) audit opinion
AuditorHUNT JACKSON PLLC
Administrative expenses, itemized · 2022
Investment management$41,928
Total administrative$41,928
The National Credit Services, Inc. 401(k) match · 2022
Employer contribution per active participant$3,038
Median for plans this size$1,114

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

Administrative cost history1
2022$41,928 · 0.77%
Similar plansFinance & Insurance · Washington
Bittrex Inc. WA$7.9M · 0.03%
Savibank WA$7.2M · 0.50%
Community Bank WA$6.0M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 912076371 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.