Plan Ledger DOL Form 5500 · updated monthly

Natural Essentials, Incorporated401(k)

NATURAL ESSENTIALS, INCORPORATED 401(K) PLAN · AURORA, OH · plan year 2023

Reported admin expense ratio · 2023
1.85%

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

Natural Essentials, Incorporated reported $16,555 in plan administrative expenses for 2023: 1.85% of average plan assets, above the peer median. Employer contributions averaged $331 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 1 year on file its reported administrative ratio fell from 1.97% to 1.85%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Ohio (3,157th of 3,295), and 13,260th of 13,661 in manufacturing. In 2023, employees put in $3.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,042,745
Participants with balances83
Active participants148
Employer contributions$48,923
Employee contributions$164,032
Employer contribution per active participant$331
Average account balance$12,563
Benefits paid to participants$51,515
Plan auditUnmodified (clean) audit opinion
AuditorTHE D'AMORE TATMAN GROUP, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$1.0M · 83 accts · $49K emplr
2022$745K · 101 accts · $55K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$10,040
Investment management$6,259
Trustee / custodial$256
Total administrative$16,555
The Natural Essentials, Incorporated 401(k) match · 2023
Employer contribution per active participant$331
Median for plans this size$522
2023$331 per active participant
2022$371 per active participant

Natural Essentials, Incorporated's 2023 employer contribution ran below the $522 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 · 20232
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$10,040
HUNTINGTON NATIONAL BANK · Investment advisory (plan)$6,259

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$16,555 · 1.85%
2022$15,844 · 1.97%
Similar plansManufacturing · Ohio
Rage Corporation OH$1.1M · 1.07%
Tiffin Metal Products Co. OH$1.1M · 0.33%
Cw Conveyor, LLC OH$1.1M · 1.33%
Tac Industries, Inc. OH$1.0M · 1.05%
Nutis Press, Inc. OH$1.0M · 0.74%
Mar-Stew Inc OH$961K · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341806786 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.