NEW AGE INDUSTRIAL 401(K) PLAN · NORTON, KS · plan year 2024
Reported admin expense ratio · 2024
0.04%
Peer grade: A-· admin costs + employer contributions vs same-size plans · how grading works
New Age Industrial Corporation, Inc reported $6,410 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,880 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.
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 310th-largest of 828 plans among Kansas employers on file, and the 6,103rd of 13,661 in manufacturing. In 2024, employees put in $2.30 for every $1.00 the employer contributed.
Plan summary
Net assets, end of year$19,052,129
Participants with balances137
Active participants134
Employer contributions$385,949
Employee contributions$887,736
Employer contribution per active participant$2,880
Average account balance$139,067
Benefits paid to participants$853,458
Plan auditDisclaimer of opinion
AuditorBRUNGARDT HOWER WARD ELLIOT & PFEIF
Plan history3
Yearassets · accounts · employer contribution
2024$19.1M · 137 accts · $386K emplr
2023$16.8M · 135 accts · $360K emplr
2022$14.9M · 127 accts · $334K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,410
Total administrative$6,410
The New Age Industrial Corporation, Inc 401(k) match · 2024
Employer contribution per active participant$2,880
Median for plans this size$2,416
2024$2,880 per active participant
2023$2,609 per active participant
2022$2,385 per active participant
New Age Industrial Corporation, Inc'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.
Source: U.S. Department of Labor, Form 5500 series, EIN 480725140 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.