Plan Ledger DOL Form 5500 · updated monthly

National Food Group, Inc.401(k)

NATIONAL FOOD GROUP, INC. 401(K) PLAN · NOVI, MI · plan year 2023

Reported admin expense ratio · 2023
0.39%

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

National Food Group, Inc. reported $57,178 in plan administrative expenses for 2023: 0.39% of average plan assets, above the peer median. Employer contributions averaged $3,398 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 0.38% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,184th-largest of 2,619 plans among Michigan employers on file, and 2,234th of 4,246 in wholesale trade. In 2023, employees put in $2.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,365,624
Participants with balances136
Active participants132
Employer contributions$448,554
Employee contributions$1,219,747
Employer contribution per active participant$3,398
Average account balance$120,335
Benefits paid to participants$695,200
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 143 accts · $475K emplr
2023$16.4M · 136 accts · $449K emplr
2022$12.7M · 123 accts · $346K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$57,178
Total administrative$57,178
The National Food Group, Inc. 401(k) match · 2023
Employer contribution per active participant$3,398
Median for plans this size$2,440
2024$3,571 per active participant
2023$3,398 per active participant
2022$2,660 per active participant

National Food Group, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$57,178
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$66,265 · 0.41%
2023$57,178 · 0.39%
2022$51,072 · 0.38%
Same employer
Similar plansWholesale Trade · Michigan
Brenner Oil Company MI$16.8M · 0.33%
H. Eikenhout & Sons, Inc. MI$16.4M · 0.44%
Monroe Engineering, LLC MI$16.3M · 0.49%
Morrell LLC MI$16.1M · 0.13%
Paragon Technologies, Inc. MI$15.8M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383027846 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.