Plan Ledger DOL Form 5500 · updated monthly

National Spinning Co., Inc.401(k)

NATIONAL SPINNING CO., INC. 401(K) PLAN · WASHINGTON, NC · plan year 2022

Reported admin expense ratio · 2022
0.41%

National Spinning Co., Inc. reported $36,011 in plan administrative expenses for 2022: 0.41% of average plan assets, below the peer median. 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 0.41% to 0.44%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,235th of 2,005), and 9,662nd of 13,661 in manufacturing.

Plan summary
Net assets, end of year$8,032,482
Participants with balances373
Active participants245
Employer contributions—
Employee contributions$373,079
Employer contribution per active participant—
Average account balance$21,535
Benefits paid to participants$503,477
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 172 accts
2023$7.8M · 270 accts
2022$8.0M · 373 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$26,636
Investment management$9,375
Total administrative$36,011
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.

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$32,643 · 0.44%
2023$35,346 · 0.45%
2022$36,011 · 0.41%
All plans at this employer2
NATIONAL SPINNING CO., INC. 401(K) PLAN401(k)
NATIONAL SPINNING CO., INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansManufacturing · North Carolina
Prince Group, Inc. NC$8.1M · 0.53%
Sbm Life Science Corp. NC$8.0M · 0.52%
Best Diamond Packaging NC$7.8M · 0.41%
Dill Air Products LLC NC$7.6M · 0.63%
Spinrite Services Inc NC$7.6M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111117990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.