Plan Ledger DOL Form 5500 · updated monthly

National Underground Group, Inc.401(k)

NATIONAL UNDERGROUND GROUP 401(K) SAVINGS PLAN · MISSION VIEJO, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

National Underground Group, Inc. reported $105,744 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $1,054 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 0.36% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 2,336th-largest of 9,483 plans among California employers on file, and the 610th of 3,341 in other services. In 2024, employees put in $3.17 for every $1.00 the employer contributed; active participation has shrunk from 753 to 675 since 2022.

Plan summary
Net assets, end of year$35,719,890
Participants with balances1,189
Active participants675
Employer contributions$711,771
Employee contributions$2,259,074
Employer contribution per active participant$1,054
Average account balance$30,042
Benefits paid to participants$6,527,100
Plan auditUnmodified (clean) audit opinion
AuditorSERVATIUS, O'BRIEN & FONG, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$35.7M · 1,189 accts · $712K emplr
2023$34.5M · 1,117 accts · $905K emplr
2022$30.7M · 1,172 accts · $824K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,091
Investment management$49,653
Total administrative$105,744
The National Underground Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,054
Median for plans this size$2,416
2024$1,054 per active participant
2023$1,342 per active participant
2022$1,094 per active participant

National Underground Group, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$56,091
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$49,653

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$105,744 · 0.30%
2023$107,425 · 0.33%
2022$126,509 · 0.36%
Same employer
Similar plansOther Services · California
Semi CA$37.8M · 0.02%
Team Public Choices, LLC CA$37.0M · 0.76%
Amerit Fleet Solutions CA$36.8M · 0.40%
Impact Tech Inc. CA$34.9M · 0.26%
Eden Housing, Inc. CA$34.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474061642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.