Plan Ledger DOL Form 5500 · updated monthly

National Guard Products, Inc.401(k)

NATIONAL GUARD PRODUCTS 401(K) PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

National Guard Products, Inc. reported $41,550 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,965 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 fell from 0.27% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 572nd-largest of 1,496 plans among Tennessee employers on file, and the 6,120th of 13,661 in manufacturing. In 2024, employees put in $1.96 for every $1.00 the employer contributed; active participation has shrunk from 445 to 400 since 2022.

Plan summary
Net assets, end of year$18,963,004
Participants with balances465
Active participants400
Employer contributions$785,922
Employee contributions$1,539,076
Employer contribution per active participant$1,965
Average account balance$40,781
Benefits paid to participants$1,910,273
Plan auditUnmodified (clean) audit opinion
AuditorREYNOLDS BONE & GRIESBECK
Plan history3
Yearassets · accounts · employer contribution
2024$19.0M · 465 accts · $786K emplr
2023$15.6M · 479 accts · $741K emplr
2022$12.9M · 476 accts · $708K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,003
Investment management$32,547
Total administrative$41,550
The National Guard Products, Inc. 401(k) match · 2024
Employer contribution per active participant$1,965
Median for plans this size$2,416
2024$1,965 per active participant
2023$1,880 per active participant
2022$1,592 per active participant

National Guard Products, 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
DUNCAN WILLIAMS ASSET MANAGEMENT · Investment advisory (plan)$32,547
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$9,003

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$41,550 · 0.24%
2023$38,102 · 0.27%
2022$36,986 · 0.27%
Same employer
Similar plansManufacturing · Tennessee
Reinhausen Manufacturing TN$20.0M · 0.42%
Mid-South Wire Company TN$19.5M · 0.06%
Regent Holding Company, LLC TN$19.4M · 0.03%
The Vincit Company, LLC TN$19.2M · 1.04%
Rough Country, LLC TN$18.2M · 0.74%
Fillauer Companies, Inc. TN$18.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620306160 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.