Plan Ledger DOL Form 5500 · updated monthly

National Products, Inc.401(k)

NATIONAL PRODUCTS, INC. 401(K) PLAN AND TRUST · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

National Products, Inc. reported $69,415 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,549 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 0.79% to 0.90%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Washington (1,147th of 1,714), and 9,396th of 13,661 in manufacturing. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,607,791
Participants with balances216
Active participants316
Employer contributions$489,625
Employee contributions$862,798
Employer contribution per active participant$1,549
Average account balance$39,851
Benefits paid to participants$738,194
Plan auditUnmodified (clean) audit opinion
AuditorSHANNON & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 216 accts · $490K emplr
2023$6.9M · 230 accts · $457K emplr
2022$5.0M · 216 accts · $453K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,415
Total administrative$69,415
The National Products, Inc. 401(k) match · 2024
Employer contribution per active participant$1,549
Median for plans this size$1,313
2024$1,549 per active participant
2023$1,502 per active participant
2022$1,487 per active participant

National Products, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
HUNNEX AND SHOEMAKER, INC. · Contract administrator$5,965
EMPOWER ADVISORY GROUP · Investment management$1,113

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$69,415 · 0.90%
2023$51,384 · 0.86%
2022$38,468 · 0.79%
Same employer
Similar plansManufacturing · Washington
Blaser Die Casting Co. WA$9.1M · 0.50%
Controltek, Inc. WA$9.1M · 0.85%
Cdr Manufacturing, LLC WA$9.0M · 0.63%
Asko Processing, Inc. WA$8.5M · 0.45%
E&E Foods, Inc. WA$8.2M · 0.61%
Kotis Design, LLC WA$8.0M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911512047 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.