Plan Ledger DOL Form 5500 · updated monthly

Nd Industries Inc401(k)

ND INDUSTRIES INC 401(K) PROFIT SHARING PLAN & TRUST · CLAWSON, MI · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Nd Industries Inc reported $76,790 in plan administrative expenses for 2023: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,843 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 0.01% to 0.40%. 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 1,008th-largest of 2,619 plans among Michigan employers on file, and the 5,774th of 13,661 in manufacturing. In 2023, employees put in $2.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,831,316
Participants with balances179
Active participants229
Employer contributions$422,078
Employee contributions$890,242
Employer contribution per active participant$1,843
Average account balance$116,376
Benefits paid to participants$1,403,246
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $218K emplr
2023$20.8M · 179 accts · $422K emplr
2022$17.5M · 199 accts · $429K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,478
Investment management$47,312
Total administrative$76,790
The Nd Industries Inc 401(k) match · 2023
Employer contribution per active participant$1,843
Median for plans this size$2,440
2023$1,843 per active participant
2022$1,875 per active participant

Nd Industries Inc's 2023 employer contribution ran below 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 · 20232
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping$29,544
SIGMA PLANNING CORPORATION · Investment advisory (participants)$47,245

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$76,790 · 0.40%
2022$2,400 · 0.01%
Same employer
Similar plansManufacturing · Michigan
Humphrey Products Company MI$21.1M · 0.01%
Ewellix USA LLC MI$21.1M · 0.03%
Ort Tool & Die Corporation MI$20.8M · 0.24%
Ilmor Engineering, Inc MI$20.7M · 0.22%
Th Plastics, Inc. MI$20.6M · 0.10%
Roman Manufacturing, Inc. MI$20.6M · 0.37%
Valiant International, Inc. MI$20.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 386077454 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.