Plan Ledger DOL Form 5500 · updated monthly

National Household Employer Association401(k)

NHEA DOMESTIC WORKERS RETIREMENT PLAN · CLIFTON PARK, NY · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

National Household Employer Association reported $51,586 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,037 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 1.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (4,356th of 5,648), and 9,536th of 11,654 in professional & technical services. In 2024, employees put in $3.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,639,356
Participants with balances172
Active participants136
Employer contributions$277,032
Employee contributions$877,372
Employer contribution per active participant$2,037
Average account balance$32,787
Benefits paid to participants$379,273
Plan auditUnmodified (clean) audit opinion
AuditorWOJESKI & COMPANY CPAS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 172 accts · $277K emplr
2023$4.4M · 152 accts · $264K emplr
2022$3.3M · 139 accts · $292K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,618
Investment management$36,968
Total administrative$51,586
The National Household Employer Association 401(k) match · 2024
Employer contribution per active participant$2,037
Median for plans this size$1,313
2024$2,037 per active participant
2023$1,648 per active participant
2022$2,130 per active participant

National Household Employer Association's 2024 employer contribution ran above the $1,313 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
CHEMUNG CANAL TRUST COMPANY · Recordkeeping · Custodial (securities)$14,618
DIRECT ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$36,968

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024CHEMUNG CANAL TRUST COMPANY
2023CHEMUNG CANAL TRUST COMPANY

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$51,586 · 1.03%
2023$39,545 · 1.02%
2022$32,183 · 0.99%
Similar plansProfessional & Technical Services · New York
Density, Inc. NY$5.8M · 0.03%
Nuvalence, LLC NY$5.7M · 0.82%
Gross Polowy, LLC NY$5.7M · 0.60%
Grammatech, Inc. NY$5.7M · 0.94%
The Action Network, Inc. NY$5.6M · 0.08%
Symbio, LLC. NY$5.6M · 0.11%
Marketing Evolution Inc. NY$5.6M · 0.69%
Chantecaille Beaute Inc NY$5.5M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562623004 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.