Plan Ledger DOL Form 5500 · updated monthly

Nehring Electrical Works Company401(k)

NEHRING ELECTRICAL WORKS COMPANY UNION 401(K) PLAN · DEKALB, IL · plan year 2022

Reported admin expense ratio · 2022
1.16%

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

Nehring Electrical Works Company reported $9,852 in plan administrative expenses for 2022: 1.16% of average plan assets, above the peer median. Employer contributions averaged $444 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (3,517th of 3,702), and 13,357th of 13,661 in manufacturing. In 2022, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$795,424
Participants with balances38
Active participants112
Employer contributions$49,748
Employee contributions$114,264
Employer contribution per active participant$444
Average account balance$20,932
Benefits paid to participants$96,515
Plan auditUnmodified (clean) audit opinion
AuditorSIKICH LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$9,852
Total administrative$9,852
The Nehring Electrical Works Company 401(k) match · 2022
Employer contribution per active participant$444
Median for plans this size$331

Nehring Electrical Works Company's 2022 employer contribution ran above the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$9,852 · 1.16%
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Source: U.S. Department of Labor, Form 5500 series, EIN 364050159 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.