Plan Ledger DOL Form 5500 · updated monthly

Network Funding, L.P.401(k)

NETWORK FUNDING, L.P. SAFE HARBOR 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Network Funding, L.P. reported $99,311 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,043 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 3 years on file its reported administrative ratio has held roughly steady near 0.32%. 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 1,451st-largest of 5,688 plans among Texas employers on file, and the 2,289th of 4,798 in finance & insurance. In 2024, employees put in $2.16 for every $1.00 the employer contributed; active participation has shrunk from 362 to 262 since 2022.

Plan summary
Net assets, end of year$32,567,550
Participants with balances287
Active participants262
Employer contributions$535,242
Employee contributions$1,158,115
Employer contribution per active participant$2,043
Average account balance$113,476
Benefits paid to participants$3,830,956
Plan auditUnmodified (clean) audit opinion
AuditorADVISENT ASSURANCE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$32.6M · 287 accts · $535K emplr
2023$29.5M · 298 accts · $585K emplr
2022$25.8M · 308 accts · $942K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,311
Total administrative$99,311
The Network Funding, L.P. 401(k) match · 2024
Employer contribution per active participant$2,043
Median for plans this size$2,416
2024$2,043 per active participant
2023$2,252 per active participant
2022$2,602 per active participant

Network Funding, L.P.'s 2024 employer contribution ran below 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 · 20243
SEGMENT WEALTH MANAGEMENT · Investment advisory (plan)$87,553
THE VANGUARD GROUP, INC. · Loan processing$9,206
LOREN D STARK COMPANY · Loan processing$4,620

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$99,311 · 0.32%
2023$90,302 · 0.33%
2022$94,246 · 0.33%
Same employer
Similar plansFinance & Insurance · Texas
Green Brick Partners, Inc. TX$32.9M · 0.28%
Credit Union of Texas TX$32.6M · 0.42%
Community National Bank TX$32.0M · 0.46%
Benchmark Bank TX$31.8M · 0.26%
Datcu Credit Union TX$31.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760561995 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.