Plan Ledger DOL Form 5500 · updated monthly

Nfa Corporation401(k)

NFA CORPORATION 401(K) PROTECTION AND SAVINGS PLAN · CUMBERLAND, RI · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Nfa Corporation reported $2,400 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,570 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 0.022%. 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 among the smaller plans on file in Rhode Island (162nd of 286), and 8,230th of 13,661 in manufacturing. In 2024, employees put in $1.74 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,363,476
Participants with balances199
Active participants186
Employer contributions$292,024
Employee contributions$507,294
Employer contribution per active participant$1,570
Average account balance$57,103
Benefits paid to participants$1,118,227
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH AND BROWN PC
Plan history3
Yearassets · accounts · employer contribution
2024$11.4M · 199 accts · $292K emplr
2023$10.4M · 213 accts · $277K emplr
2022$8.3M · 222 accts · $277K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,400
Total administrative$2,400
The Nfa Corporation 401(k) match · 2024
Employer contribution per active participant$1,570
Median for plans this size$2,416
2024$1,570 per active participant
2023$1,466 per active participant
2022$1,345 per active participant

Nfa Corporation'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 · 20241

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$2,400 · 0.02%
2023$2,252 · 0.02%
2022$2,000 · 0.02%
Same employer
Similar plansManufacturing · Rhode Island
Atrion, Inc. RI$16.0M · 0.43%
Tri-Mack Plastics Mfg Corp RI$15.3M · 0.28%
F.A.F., Incorporated RI$13.2M · 0.00%
Nelipak Corporation RI$12.4M · 0.24%
Hodges Badge Company, Inc. RI$11.1M · 0.02%
Moo, Inc. RI$9.2M · 0.17%
Hanna Instruments, Inc. RI$7.8M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042748881 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.