Plan Ledger DOL Form 5500 · updated monthly

National Instruments Corporation401(k)

NATIONAL INSTRUMENTS 401(K) PLAN · AUSTIN, TX · plan year 2023

Reported admin expense ratio · 2023
0.05%

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

National Instruments Corporation reported $316,592 in plan administrative expenses for 2023: 0.05% of average plan assets, below the peer median. Employer contributions averaged $5,964 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 1 year on file its reported administrative ratio fell from 0.06% to 0.05%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other wholesale trade employers. By assets it is the 158th-largest of 5,688 plans among Texas employers on file, and the 71st of 4,246 in wholesale trade. In 2023, employees put in $3.02 for every $1.00 the employer contributed; active participation has shrunk from 2,172 to 1,667 since 2022.

Plan summary
Net assets, end of year$734,274,237
Participants with balances3,625
Active participants1,667
Employer contributions$9,941,457
Employee contributions$30,052,918
Employer contribution per active participant$5,964
Average account balance$202,558
Benefits paid to participants$60,156,521
Plan auditUnmodified (clean) audit opinion
AuditorBAUER & COMPANY,LLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $8.5M emplr
2023$734.3M · 3,625 accts · $9.9M emplr
2022$628.1M · 3,772 accts · $9.8M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$167,568
Investment management$149,024
Total administrative$316,592
The National Instruments Corporation 401(k) match · 2023
Employer contribution per active participant$5,964
Median for plans this size$4,362
2023$5,964 per active participant
2022$4,518 per active participant

National Instruments Corporation's 2023 employer contribution ran above the $4,362 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 · 20238
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$193,876
COOK STREET CONSULTING INC · Investment management$68,480
ENZI WEALTH LLC · Investment advisory (participants)$16,157
HARVARD AVENUE CONSULTANTS LLC · Investment advisory (participants)$10,160
BARDEN CAPITAL MANAGEMENT INC · Investment advisory (participants)$9,058
WORTHPOINTE LLC · Investment advisory (participants)$8,166
ABOUND WEALTH MANAGEMENT LLC · Investment advisory (participants)$7,428
CHARLES SCHWAB & CO., INC. · Securities brokerage$3,269

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

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

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Administrative cost history3
2024Not separately reported
2023$316,592 · 0.05%
2022$435,884 · 0.06%
Same employer
Similar plansWholesale Trade · Texas
Rexel USA, Inc. TX$972.5M · 0.07%
Cemex, Inc. TX$942.3M · 0.11%
Essilor of America Inc. TX$924.8M · 0.17%
Wand Newco 3, Inc. TX$695.2M · 0.28%
B. D. Holt Company TX$505.0M · 0.10%
Ben E. Keith Company TX$494.0M · 0.04%
The Friedkin Group, Inc. TX$411.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741871327 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.