Plan Ledger DOL Form 5500 · updated monthly

National Math and Science Initiative, Inc.401(k)

NATIONAL MATH AND SCIENCE INITIATIVE, INC. 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

National Math and Science Initiative, Inc. reported $49,925 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,901 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 0.37% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Texas (2,924th of 5,688), and 2,036th of 3,091 in educational services. In 2024, employees put in $1.44 for every $1.00 the employer contributed; active participation has shrunk from 356 to 199 since 2022.

Plan summary
Net assets, end of year$10,981,690
Participants with balances178
Active participants199
Employer contributions$378,298
Employee contributions$544,548
Employer contribution per active participant$1,901
Average account balance$61,695
Benefits paid to participants$1,025,280
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 178 accts · $378K emplr
2023$9.5M · 213 accts · $405K emplr
2022$8.3M · 208 accts · $414K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,565
Investment management$25,360
Total administrative$49,925
The National Math and Science Initiative, Inc. 401(k) match · 2024
Employer contribution per active participant$1,901
Median for plans this size$2,416
2024$1,901 per active participant
2023$1,752 per active participant
2022$1,164 per active participant

National Math and Science Initiative, 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
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$25,360

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$49,925 · 0.49%
2023$43,945 · 0.49%
2022$32,597 · 0.37%
Similar plansEducational Services · Texas
Ips Enterprises, Inc. TX$10.7M · 1.76%
Bayes Achievement Center TX$10.7M · 0.21%
Accelerate Learning Inc. TX$10.4M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113769438 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.