Plan Ledger DOL Form 5500 · updated monthly

Nomad Global Communication Solutions401(k)

NOMAD GLOBAL COMMUNICATION SOLUTIONS 401(K) PLAN · COLUMBIA FALLS, MT · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Nomad Global Communication Solutions reported $21,968 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $2,272 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 0.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Montana (156th of 229), and 10,265th of 13,661 in manufacturing. In 2024, employees put in $1.64 for every $1.00 the employer contributed; active participation has grown from 153 to 314 since 2022.

Plan summary
Net assets, end of year$6,836,536
Participants with balances341
Active participants314
Employer contributions$713,316
Employee contributions$1,172,567
Employer contribution per active participant$2,272
Average account balance$20,048
Benefits paid to participants$413,952
Plan auditUnmodified (clean) audit opinion
AuditorBEASLEY, MITCHELL & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 341 accts · $713K emplr
2023$4.5M · 247 accts · $465K emplr
2022$2.7M · 140 accts · $301K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,968
Total administrative$21,968
The Nomad Global Communication Solutions 401(k) match · 2024
Employer contribution per active participant$2,272
Median for plans this size$1,313
2024$2,272 per active participant
2023$2,050 per active participant
2022$1,967 per active participant

Nomad Global Communication Solutions'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 · 20243
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$12,532
BIG SKY RETIREMENT · Recordkeeping · Loan processing$6,393
EDWARD D JONES & COMPANY · Investment advisory (plan)$23,984

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

Recordkeeper by year2
2024BIG SKY RETIREMENT, Transamerica
2023BIG SKY RETIREMENT

This plan has changed recordkeepers within these filings. If you left Nomad Global Communication Solutions 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$21,968 · 0.39%
2023$4,811 · 0.13%
2022$10,172 · 0.40%
Same employer
Similar plansManufacturing · Montana
Montana Silversmiths, Inc. MT$13.2M · 0.23%
Torgersons, LLC MT$11.4M · 0.43%
Sun Mountain Sports, Inc. MT$8.6M · 0.32%
Adf International MT$3.7M · 0.79%
Bridger Steel, Inc. MT$3.3M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352182794 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.