Plan Ledger DOL Form 5500 · updated monthly

National Product Sales401(k)

NATIONAL PRODUCT SALES, 401(K) PLAN · SALT LAKE CITY, UT · plan year 2023

Reported admin expense ratio · 2023
0.04%

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

National Product Sales reported $846 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $32 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 0.11% to 0.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Utah (724th of 848), and 4,516th of 5,215 in retail trade. In 2023, employees put in $10.45 for every $1.00 the employer contributed; active participation has grown from 518 to 570 since 2022.

Plan summary
Net assets, end of year$2,510,729
Participants with balances206
Active participants570
Employer contributions$18,346
Employee contributions$191,788
Employer contribution per active participant$32
Average account balance$12,188
Benefits paid to participants$119,405
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $694 emplr
2023$2.5M · 206 accts · $18K emplr
2022$2.1M · 204 accts · $20K emplr
The National Product Sales 401(k) match · 2023
Employer contribution per active participant$32
Median for plans this size$1,308
2023$32 per active participant
2022$39 per active participant

National Product Sales's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Insurance services$1,846
GLOBAL RETIREMENT PARTNERS, LLC · Insurance broker · Investment advisory (participants)$8,532
COOK MARTIN POULSON, PC · Contract administrator$1,632

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024Not separately reported
2023$846 · 0.04%
2022$2,485 · 0.11%
Same employer
Similar plansRetail Trade · Utah
Downeast Outfitters UT$3.9M · 0.50%
Handi Quilter, Inc. UT$3.9M · 1.19%
McGee Holdings, LLC UT$3.7M · 0.07%
Low Book Sales UT$2.1M · 0.81%
Parasol Group, Inc. UT$2.1M · 0.75%
Lashbrook Jewelry Designs UT$1.6M · 1.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870281387 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.