Plan Ledger DOL Form 5500 · updated monthly

Ncl Acquisition Corporation dba Elevation Labs401(k)

ELEVATION LABS 401(K) PLAN · IDAHO FALLS, ID · plan year 2024

Reported admin expense ratio · 2024
1.21%

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

Ncl Acquisition Corporation dba Elevation Labs reported $102,472 in plan administrative expenses for 2024: 1.21% of average plan assets, higher than ~90% of peers. Employer contributions averaged $975 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 rose from 0.27% to 1.21%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Idaho (181st of 349), and 9,065th of 13,661 in manufacturing. In 2024, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,378,171
Participants with balances416
Active participants555
Employer contributions$541,113
Employee contributions$1,104,917
Employer contribution per active participant$975
Average account balance$22,544
Benefits paid to participants$1,357,238
Plan auditUnmodified (clean) audit opinion
AuditorPOSTON DENNEY & KILLPACK, PLLC
Plan history2
Yearassets · accounts · employer contribution
2024$9.4M · 416 accts · $541K emplr
2023$7.6M · 624 accts · $283K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,549
Investment management$40,138
Total administrative$102,472
The Ncl Acquisition Corporation dba Elevation Labs 401(k) match · 2024
Employer contribution per active participant$975
Median for plans this size$1,313
2024$975 per active participant
2023$543 per active participant

Ncl Acquisition Corporation dba Elevation Labs's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
CREATIVE PLANNING LLC · Investment advisory (plan)$40,138
KL BRONCO HOLDINGS INC DBA ELEVATIO$15,785

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

Administrative cost history2
2024$102,472 · 1.21%
2023$18,847 · 0.27%
Similar plansManufacturing · Idaho
Encoder Products Company ID$11.8M · 0.10%
Unitech Composites, Inc. ID$9.9M · 0.69%
Best Bath Systems, Inc. ID$9.9M · 0.73%
Bay Shore Systems Inc ID$7.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464952901 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.