Plan Ledger DOL Form 5500 · updated monthly

Newcap, Inc.401(k)

403(B) THRIFT PLAN OF NEWCAP, INC. · OCONTO, WI · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Newcap, Inc. reported $618 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,028 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 0.00% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Wisconsin (1,297th of 1,936), and the 5,858th of 11,911 in health care & social assistance. In 2024, employees put in $1.50 for every $1.00 the employer contributed; active participation has shrunk from 142 to 108 since 2022.

Plan summary
Net assets, end of year$9,534,664
Participants with balances109
Active participants108
Employer contributions$219,072
Employee contributions$327,936
Employer contribution per active participant$2,028
Average account balance$87,474
Benefits paid to participants$1,393,161
Plan auditUnmodified (clean) audit opinion
AuditorVRAKAS SC
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 109 accts · $219K emplr
2023$9.3M · 206 accts · $225K emplr
2022$8.4M · 177 accts · $169K emplr
The Newcap, Inc. 401(k) match · 2024
Employer contribution per active participant$2,028
Median for plans this size$1,313
2024$2,028 per active participant
2023$1,758 per active participant
2022$1,193 per active participant

Newcap, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$618

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$618 · 0.01%
2023$376 · 0.00%
2022$296 · 0.00%
Same employer
Similar plansHealth Care & Social Assistance · Wisconsin
Cherry Tree Dental LLC WI$10.4M · 0.49%
Hegg Memorial Health Center WI$10.0M · 0.73%
Saelens Corporation WI$8.9M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391050492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.