Plan Ledger DOL Form 5500 · updated monthly

National Seating & Mobility, Inc401(k)

NATIONAL SEATING & MOBILITY, INC. 401(K) PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

National Seating & Mobility, Inc reported $328,159 in plan administrative expenses for 2024: 0.39% of average plan assets, higher than ~90% of peers. Employer contributions averaged $741 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 0.43% to 0.39%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 178th-largest of 1,496 plans among Tennessee employers on file, and the 407th of 5,215 in retail trade. In 2024, employees put in $5.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$90,802,265
Participants with balances2,802
Active participants2,197
Employer contributions$1,628,693
Employee contributions$8,815,337
Employer contribution per active participant$741
Average account balance$32,406
Benefits paid to participants$8,659,989
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$90.8M · 2,802 accts · $1.6M emplr
2023$76.8M · 2,583 accts · $1.5M emplr
2022$61.5M · 2,562 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$215,241
Investment management$82,578
Audit (IQPA)$18,400
Total administrative$328,159
The National Seating & Mobility, Inc 401(k) match · 2024
Employer contribution per active participant$741
Median for plans this size$3,635
2024$741 per active participant
2023$756 per active participant
2022$679 per active participant

National Seating & Mobility, Inc'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 · 20243
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$82,578
LBMC PC · Accounting / audit$18,400

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$328,159 · 0.39%
2023$273,638 · 0.40%
2022$280,496 · 0.43%
Same employer
Similar plansRetail Trade · Tennessee
Delek US Holdings, Inc. TN$392.1M · 0.06%
Genesco Inc. TN$190.2M · 0.02%
Tom James Company TN$126.2M · 0.20%
Truckpro, LLC TN$54.4M · 0.14%
Kirkland's Inc TN$35.2M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621400785 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.