Plan Ledger DOL Form 5500 · updated monthly

National Organization of Industrial Trade Unions401(k)

NATIONAL ORGANIZATION OF INDUSTRIAL TRADE UNIONS INDIVIDUAL ACCOUNT PLAN · JAMAICA, NY · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

National Organization of Industrial Trade Unions reported $891,548 in plan administrative expenses for 2024: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,908 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 0.84% to 0.76%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 665th-largest of 5,648 plans among New York employers on file, and the 1,622nd of 13,661 in manufacturing. In 2024, the employer put in $2.34 for every $1.00 employees contributed themselves; active participation has grown from 2,506 to 2,808 since 2022.

Plan summary
Net assets, end of year$123,957,645
Participants with balances5,848
Active participants2,808
Employer contributions$5,357,838
Employee contributions$2,285,063
Employer contribution per active participant$1,908
Average account balance$21,197
Benefits paid to participants$7,498,097
Plan auditUnmodified (clean) audit opinion
AuditorGOULD, KOBRICK & SCHLAPP, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$124.0M · 5,848 accts · $5.4M emplr
2023$111.1M · 5,675 accts · $5.1M emplr
2022$95.3M · 5,432 accts · $4.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$167,157
Investment management$122,144
Audit (IQPA)$15,000
Total administrative$891,548
The National Organization of Industrial Trade Unions 401(k) match · 2024
Employer contribution per active participant$1,908
Median for plans this size$3,635
2024$1,908 per active participant
2023$1,891 per active participant
2022$1,771 per active participant

National Organization of Industrial Trade Unions's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. 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 · 20246
USI CONSULTING GROUP · Recordkeeping · Pension consulting$266,847
NOITU INSURANCE TRUST FUND$563,736
PROSKAUER ROSE LLP · Legal$16,380
GOULD, KOBRICK AND SCHLAPP, P.C. · Accounting / audit$15,000
NATIONAL ORG. OF INDUSTRIAL TRADE U · Plan administrator$13,263
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trusteeindirect comp

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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Administrative cost history3
2024$891,548 · 0.76%
2023$924,963 · 0.90%
2022$864,922 · 0.84%
Same employer
Similar plansManufacturing · New York
Combe Incorporated NY$127.9M · 0.05%
D'Addario & Company, Inc. NY$126.7M · 0.06%
Ampacet Corporation NY$122.6M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111896570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.