Plan Ledger DOL Form 5500 · updated monthly

Neis, Inc.401(k)

NEIS, INC. 401(K) PLAN · CHESHIRE, CT · plan year 2022

Reported admin expense ratio · 2022
0.04%

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

Neis, Inc. reported $3,950 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $569 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 $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Connecticut (749th of 1,106), and 3,973rd of 4,798 in finance & insurance. In 2022, employees put in $5.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,102,956
Participants with balances288
Active participants324
Employer contributions$184,251
Employee contributions$959,366
Employer contribution per active participant$569
Average account balance$35,080
Benefits paid to participants$818,527
Plan auditUnmodified (clean) audit opinion
AuditorAPICELLA, TESTA & COMPANY, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $219K emplr
2022$10.1M · 288 accts · $184K emplr
Administrative expenses, itemized · 2022
Professional / advisory$3,950
Total administrative$3,950
The Neis, Inc. 401(k) match · 2022
Employer contribution per active participant$569
Median for plans this size$2,266

Neis, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$3,950 · 0.04%
Same employer
Similar plansFinance & Insurance · Connecticut
Rollease Acmeda, Inc. CT$11.8M · 0.19%
Patriot Bank, N.A. CT$8.7M · 0.40%
Bennie Health, Inc. CT$4.8M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060713427 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.