National Industrial Concepts Inc401(k)

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

National Industrial Concepts Inc reported $103,504 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,429 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 0.37% to 0.34%. 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 666th-largest of 1,918 plans among Minnesota employers on file, and the 4,287th of 13,661 in manufacturing. In 2024, employees put in $1.81 for every $1.00 the employer contributed; active participation has grown from 483 to 618 since 2022.