Plan Ledger DOL Form 5500 · updated monthly

Nercon Eng. & Mfg.Inc.401(k)

NERCON ENG. & MFG. INC .RETIREMENT SAVINGS PLAN · NEENAH, WI · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Nercon Eng. & Mfg.Inc. reported $93,619 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $4,912 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 2 years on file its reported administrative ratio fell from 0.41% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 605th-largest of 1,936 plans among Wisconsin employers on file, and the 4,294th of 13,661 in manufacturing. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,883,136
Participants with balances148
Active participants124
Employer contributions$609,028
Employee contributions$1,091,574
Employer contribution per active participant$4,912
Average account balance$215,427
Benefits paid to participants$876,838
Plan auditUnmodified (clean) audit opinion
AuditorKERBERROSESC
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 148 accts · $609K emplr
2023$27.5M · 138 accts · $544K emplr
2022$22.7M · 148 accts · $535K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,235
Investment management$68,384
Total administrative$93,619
The Nercon Eng. & Mfg.Inc. 401(k) match · 2024
Employer contribution per active participant$4,912
Median for plans this size$2,416
2024$4,912 per active participant
2023$5,034 per active participant
2022$4,573 per active participant

Nercon Eng. & Mfg.Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants)$68,384
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$25,235

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

Administrative cost history3
2024$93,619 · 0.32%
2023$98,283 · 0.39%
2022$99,071 · 0.41%
Same employer
Similar plansManufacturing · Wisconsin
Steel King Industries, Inc. WI$32.3M · 0.65%
Pointe Precision, Inc. WI$32.2M · 0.40%
Oec Graphics, Inc. WI$31.9M · 0.32%
Coating Place, Inc. WI$31.6M · 0.17%
Mullins Cheese, Inc. WI$31.4M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391257432 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.