Plan Ledger DOL Form 5500 · updated monthly

National Federation of Independent Business, Inc.401(k)

NATIONAL FEDERATION OF INDEPENDENT BUSINESS RETIREMENT SAVINGS PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

National Federation of Independent Business, Inc. reported $5,281 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,537 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 0.004% to 0.005%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 151st-largest of 1,496 plans among Tennessee employers on file, and the 173rd of 3,341 in other services. In 2024, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$113,460,369
Participants with balances793
Active participants596
Employer contributions$2,704,308
Employee contributions$5,277,298
Employer contribution per active participant$4,537
Average account balance$143,077
Benefits paid to participants$9,869,962
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$113.5M · 793 accts · $2.7M emplr
2023$102.1M · 794 accts · $2.0M emplr
2022$85.2M · 768 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,281
Total administrative$5,281
The National Federation of Independent Business, Inc. 401(k) match · 2024
Employer contribution per active participant$4,537
Median for plans this size$3,635
2024$4,537 per active participant
2023$3,291 per active participant
2022$3,049 per active participant

National Federation of Independent Business, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20241
JPMORGAN INVEST HOLDINGS LLC$5,281

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$5,281 · 0.00%
2023$5,209 · 0.01%
2022$3,768 · 0.00%
Same employer
Similar plansOther Services · Tennessee
Corecivic of Tennessee, LLC TN$507.7M · 0.19%
Ducks Unlimited, Inc. TN$185.5M · 0.11%
Youth Villages, Inc. TN$146.4M · 0.26%
Servpro Industries, LLC TN$56.2M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 940707299 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.