Plan Ledger DOL Form 5500 · updated monthly

Neset Consulting Service Inc.401(k)

NESET CONSULTING SERVICE INC. 401(K) PROFIT SHARING PLAN · TIOGA, ND · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Neset Consulting Service Inc. reported $7,334 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,922 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 0.64% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Dakota (183rd of 279), and 7,994th of 11,654 in professional & technical services. In 2024, employees put in $2.07 for every $1.00 the employer contributed; active participation has grown from 159 to 199 since 2022.

Plan summary
Net assets, end of year$10,040,415
Participants with balances137
Active participants199
Employer contributions$581,560
Employee contributions$1,205,700
Employer contribution per active participant$2,922
Average account balance$73,288
Benefits paid to participants$627,415
Plan auditUnmodified (clean) audit opinion
AuditorWIDMER ROEL
Plan history3
Yearassets · accounts · employer contribution
2024$10.0M · 137 accts · $582K emplr
2023$7.6M · 132 accts · $593K emplr
2022$4.8M · 128 accts · $427K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,817
Investment management$517
Total administrative$7,334
The Neset Consulting Service Inc. 401(k) match · 2024
Employer contribution per active participant$2,922
Median for plans this size$1,313
2024$2,922 per active participant
2023$3,369 per active participant
2022$2,686 per active participant

Neset Consulting Service Inc.'s 2024 employer contribution ran above the $1,313 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
ADP, INC. · Recordkeeping · Investment advisory (participants)$7,334
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$7,334 · 0.08%
2023$5,984 · 0.10%
2022$30,928 · 0.64%
Same employer
Similar plansProfessional & Technical Services · North Dakota
Flint Holdings, Inc. ND$14.8M · 0.48%
Bushel Inc. ND$12.5M · 0.44%
Dakota Technologies, Inc. ND$5.7M · 0.43%
Ci Sport, Inc. ND$4.6M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450396524 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.