Plan Ledger DOL Form 5500 · updated monthly

Nlp Enterprises Inc.401(k)

NLP ENTERPRISES INC. DAVIS-BACON PENSION PLAN AND TRUST · OWINGS MILLS, MD · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Nlp Enterprises Inc. reported $44,537 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $6,559 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 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maryland (1,063rd of 1,671), and 3,319th of 5,337 in construction. In 2024, the employer put in $2.80 for every $1.00 employees contributed themselves; active participation has grown from 93 to 104 since 2022.

Plan summary
Net assets, end of year$8,512,166
Participants with balances114
Active participants104
Employer contributions$682,093
Employee contributions$243,179
Employer contribution per active participant$6,559
Average account balance$74,668
Benefits paid to participants$568,043
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 114 accts · $682K emplr
2023$7.2M · 111 accts · $519K emplr
2022$6.5M · 112 accts · $518K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,537
Investment management$10,000
Audit (IQPA)$14,000
Total administrative$44,537
The Nlp Enterprises Inc. 401(k) match · 2024
Employer contribution per active participant$6,559
Median for plans this size$1,313
2024$6,559 per active participant
2023$5,090 per active participant
2022$5,569 per active participant

Nlp Enterprises Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20243
NWPS · Recordkeeping · Loan processing$20,537
ELLIN & TUCKER · Accounting / audit$14,000
ANNAPOLITAN INVESTMENT GROUP, INC. · Investment advisory (participants) · Investment advisory (plan)$10,000

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

Recordkeeper by year2
2024NWPS
2023NWPS

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Administrative cost history3
2024$44,537 · 0.57%
2023$43,092 · 0.63%
2022$40,001 · 0.56%
Similar plansConstruction · Maryland
R & F Metals, Inc. MD$9.5M · 0.44%
Hirsch Electric, LLC. MD$8.8M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520959871 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.