Plan Ledger DOL Form 5500 · updated monthly

NET100, LTD.401(k)

NET100 401K PLAN · CHANTILLY, VA · plan year 2023

Reported admin expense ratio · 2023
0.67%

NET100, LTD. reported $63,047 in plan administrative expenses for 2023: 0.67% of average plan assets, above the peer median. 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 0.64% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Virginia (1,476th of 2,266), and 3,119th of 5,337 in construction.

Plan summary
Net assets, end of year$9,794,871
Participants with balances141
Active participants171
Employer contributions—
Employee contributions$464,704
Employer contribution per active participant—
Average account balance$69,467
Benefits paid to participants$1,030,444
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$9.8M · 141 accts
2022$8.9M · 134 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$63,047
Total administrative$63,047
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$63,046
TRUIST ADVISORY SERVICES, INC. · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024Not separately reported
2023$63,047 · 0.67%
2022$65,371 · 0.64%
Same employer
Similar plansConstruction · Virginia
Curtis Contracting, Inc. VA$10.3M · 0.48%
Lee Hy Construction LLC VA$10.2M · 0.02%
Ahp Operations, L.L.C VA$10.1M · 0.38%
Capitol Boiler Works, Inc. VA$10.0M · 0.46%
M&E Contractors, Inc. VA$9.7M · 0.03%
Compu Dynamics, LLC VA$9.2M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541514882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.