Plan Ledger DOL Form 5500 · updated monthly

National Sourcing Inc401(k)

NATIONAL SOURCING INC 401(K) PROFIT SHARING PLAN & TRUST · TAMPA, FL · plan year 2022

Reported admin expense ratio · 2022
0.65%

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

National Sourcing Inc reported $7,353 in plan administrative expenses for 2022: 0.65% of average plan assets, above the peer median. Employer contributions averaged $0 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Florida (3,361st of 3,644), and 2,200th of 2,534 in administrative & support services.

Plan summary
Net assets, end of year$985,571
Participants with balances62
Active participants96
Employer contributions$0
Employee contributions$142,327
Employer contribution per active participant$0
Average account balance$15,896
Benefits paid to participants$222,380
Plan auditUnmodified (clean) audit opinion
AuditorBRIMMER BUREK AND KEELAN LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$7,353
Total administrative$7,353
The National Sourcing Inc 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

National Sourcing Inc's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$7,353 · 0.65%
Similar plansAdministrative & Support Services · Florida
Prime General, LLC FL$1.0M · 1.81%
Activus Connect LLC FL$916K · 2.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202886391 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.