Plan Ledger DOL Form 5500 · updated monthly

Network Adjusters, Incorporated403(b)

NETWORK ADJUSTERS, INCORPORATED 401(K) PROFIT SHARING PLAN & · FARMINGDALE, NY · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Network Adjusters, Incorporated reported $61,505 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $3,335 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 rose from 0.33% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 2,707th-largest of 5,648 plans among New York employers on file, and 3,256th of 4,798 in finance & insurance. In 2024, employees put in $2.00 for every $1.00 the employer contributed; active participation has grown from 129 to 166 since 2022.

Plan summary
Net assets, end of year$17,664,675
Participants with balances176
Active participants166
Employer contributions$553,666
Employee contributions$1,107,360
Employer contribution per active participant$3,335
Average account balance$100,367
Benefits paid to participants$1,892,778
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 176 accts · $554K emplr
2023$15.7M · 118 accts · $487K emplr
2022$13.0M · 156 accts · $443K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,505
Total administrative$61,505
The Network Adjusters, Incorporated 401(k) match · 2024
Employer contribution per active participant$3,335
Median for plans this size$2,416
2024$3,335 per active participant
2023$2,936 per active participant
2022$3,438 per active participant

Network Adjusters, Incorporated's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
NATIONWIDE · Recordkeeping · Custodial (securities)$45,795
PROACCOUNT · Investment advisory (participants)$42,417
IRON CO FID COMPREHENSIVE · Investment advisory (participants)$12,041
AMERIPRISE FINANCIAL · Investment advisory (participants)indirect 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
2024Nationwide
2023Nationwide

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Administrative cost history3
2024$61,505 · 0.37%
2023$49,401 · 0.34%
2022$47,562 · 0.33%
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Source: U.S. Department of Labor, Form 5500 series, EIN 112999619 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.