Plan Ledger DOL Form 5500 · updated monthly

National Distribution & Contracting, Inc.401(k)

NATIONAL DISTRIBUTION & CONTRACTING, INC. 401(K) PROFIT SHARING PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

National Distribution & Contracting, Inc. reported $93,361 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,981 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 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 500th-largest of 1,496 plans among Tennessee employers on file, and the 1,666th of 4,246 in wholesale trade. In 2024, employees put in $3.00 for every $1.00 the employer contributed; active participation has shrunk from 401 to 329 since 2022.

Plan summary
Net assets, end of year$23,402,331
Participants with balances390
Active participants329
Employer contributions$651,862
Employee contributions$1,955,801
Employer contribution per active participant$1,981
Average account balance$60,006
Benefits paid to participants$4,603,434
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$23.4M · 390 accts · $652K emplr
2023$22.1M · 417 accts · $581K emplr
2022$18.8M · 468 accts · $608K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,361
Total administrative$93,361
The National Distribution & Contracting, Inc. 401(k) match · 2024
Employer contribution per active participant$1,981
Median for plans this size$2,416
2024$1,981 per active participant
2023$1,710 per active participant
2022$1,516 per active participant

National Distribution & Contracting, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$93,361
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect 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$93,361 · 0.41%
2023$82,701 · 0.40%
2022$85,629 · 0.43%
Same employer
Similar plansWholesale Trade · Tennessee
The Lilly Company TN$27.1M · 0.02%
Hankook Tire America Corp. TN$26.3M · 0.47%
Keller Group TN$24.8M · 0.34%
Heavy Machines, LLC TN$19.7M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 131772258 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.