Plan Ledger DOL Form 5500 · updated monthly

Nk Parts Industries, Inc.401(k)

NK PARTS INDUSTRIES, INC. SAVINGS & RETIREMENT PLAN · SIDNEY, OH · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Nk Parts Industries, Inc. reported $133,240 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $409 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 0.61% to 0.87%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,520th-largest of 3,295 plans among Ohio employers on file, and 2,226th of 4,246 in wholesale trade. In 2024, employees put in $5.47 for every $1.00 the employer contributed; active participation has grown from 546 to 873 since 2022.

Plan summary
Net assets, end of year$16,410,229
Participants with balances1,103
Active participants873
Employer contributions$357,396
Employee contributions$1,955,779
Employer contribution per active participant$409
Average account balance$14,878
Benefits paid to participants$1,933,684
Plan auditUnmodified (clean) audit opinion
AuditorMCCRATE DELAET & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$16.4M · 1,103 accts · $357K emplr
2023$14.3M · 874 accts · $345K emplr
2022$11.8M · 702 accts · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$103,994
Total administrative$133,240
The Nk Parts Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$409
Median for plans this size$2,416
2024$409 per active participant
2023$503 per active participant
2022$459 per active participant

Nk Parts Industries, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
EMPOWER ANNUITY INSURANCE COMPANY O · Contract administrator · Recordkeeping$103,994

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Nk Parts Industries, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$133,240 · 0.87%
2023$131,192 · 1.00%
2022$80,507 · 0.61%
Same employer
Similar plansWholesale Trade · Ohio
K & M Tire, Inc. OH$16.9M · 0.53%
School Outfitters, LLC OH$16.3M · 0.27%
Hughes Peters OH$15.7M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311224364 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.