Plan Ledger DOL Form 5500 · updated monthly

National Tobacco Company, L.P.401(k)

NATIONAL TOBACCO COMPANY, L.P. RETIREMENT SAVINGS PLAN · LOUISVILLE, KY · plan year 2023

Reported admin expense ratio · 2023
0.36%

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

National Tobacco Company, L.P. reported $116,945 in plan administrative expenses for 2023: 0.36% of average plan assets, above the peer median. Employer contributions averaged $3,768 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 0.32% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 200th-largest of 871 plans among Kentucky employers on file, and the 4,067th of 13,661 in manufacturing. In 2023, employees put in $1.78 for every $1.00 the employer contributed; active participation has shrunk from 404 to 362 since 2022.

Plan summary
Net assets, end of year$34,466,220
Participants with balances470
Active participants362
Employer contributions$1,363,927
Employee contributions$2,425,054
Employer contribution per active participant$3,768
Average account balance$73,332
Benefits paid to participants$5,247,733
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$33.4M · 442 accts · $1.4M emplr
2023$34.5M · 470 accts · $1.4M emplr
2022$30.2M · 504 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$116,945
Total administrative$116,945
The National Tobacco Company, L.P. 401(k) match · 2023
Employer contribution per active participant$3,768
Median for plans this size$2,440
2024$4,851 per active participant
2023$3,768 per active participant
2022$2,829 per active participant

National Tobacco Company, L.P.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$116,893
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$96,112 · 0.28%
2023$116,945 · 0.36%
2022$109,236 · 0.32%
Same employer
Similar plansManufacturing · Kentucky
Premier Packaging, LLC KY$35.3M · 0.02%
Nasco, Inc. KY$34.9M · 0.01%
The C.W. Zumbiel Company KY$34.5M · 0.35%
Balluff, Inc. KY$34.4M · 0.42%
R.C. Tway Company KY$34.1M · 0.09%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 611133037 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.