What are the fees in the Nor-Mar, Inc. 401(k) plan?

For plan year 2022, Nor-Mar, Inc. reported $43,965 in plan administrative expenses, or 0.90% of average plan assets — higher than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the Nor-Mar, Inc. 401(k) match?

In 2022, employer contributions to the Nor-Mar, Inc. plan averaged $2,470 per active participant, above the $1,114 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Nor-Mar, Inc. 401(k)?

The average participant account balance was $50,404 for plan year 2022, based on 62 accounts.

Nor-Mar, Inc.401(k)

Name: Nor-Mar, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

NOR- MAR, INC. PROFIT SHARING PLAN · BOULDER, CO · plan year 2022

Reported admin expense ratio · 2022

0.90%

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

Nor-Mar, Inc. reported $43,965 in plan administrative expenses for 2022: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,470 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Colorado (1,183rd of 1,461), and 1,172nd of 2,240 in accommodation & food services. In 2022, employees put in $2.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,125,020
Participants with balances62
Active participants12
Employer contributions$29,643
Employee contributions$82,118
Employer contribution per active participant$2,470
Average account balance$50,404
Benefits paid to participants$2,719,530
Plan auditUnmodified (clean) audit opinion
AuditorKIMBERLIN COMPANY, PLLC

Administrative expenses, itemized · 2022

Recordkeeping & contract admin$31,635

Investment management$12,330

Total administrative$43,965

The Nor-Mar, Inc. 401(k) match · 2022

Employer contribution per active participant$2,470

Median for plans this size$1,114

Nor-Mar, Inc.'s 2022 employer contribution ran above the $1,114 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

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$43,965 · 0.90%

Similar plansAccommodation & Food Services · Colorado
Breckenridge-Wynkoop LLC CO$3.5M · 0.99%
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Susiecakes Holdings, Inc. CO$3.3M · 1.68%
Frasca Food and Wine, Inc. CO$3.2M · 0.96%
Restaurants of America, Inc. CO$2.9M · 1.60%
St. Julien Hotel and Spa CO$2.9M · 0.07%
Lbe Holdings, LLC CO$2.8M · 1.74%
Summit Restaurant Holdings, LLC CO$2.7M · 2.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840583926 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.