Plan Ledger DOL Form 5500 · updated monthly

Nora Lighting, Inc.401(k)

NORA LIGHTING, INC. & RELATED CO'S PROFIT SHARING PLAN · COMMERCE, CA · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Nora Lighting, Inc. reported $79,070 in plan administrative expenses for 2024: 0.75% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,488 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 0.30% to 0.75%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (5,208th of 9,483), and the 2,450th of 5,215 in retail trade. In 2024, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,958,664
Participants with balances154
Active participants123
Employer contributions$306,014
Employee contributions$542,334
Employer contribution per active participant$2,488
Average account balance$71,160
Benefits paid to participants$1,049,701
Plan auditUnmodified (clean) audit opinion
AuditorFINEMAN WEST AND COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 154 accts · $306K emplr
2023$10.0M · 148 accts · $296K emplr
2022$8.3M · 149 accts · $287K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$57,818
Investment management$18,352
Total administrative$79,070
The Nora Lighting, Inc. 401(k) match · 2024
Employer contribution per active participant$2,488
Median for plans this size$2,416
2024$2,488 per active participant
2023$2,489 per active participant
2022$2,388 per active participant

Nora Lighting, Inc.'s 2024 employer contribution ran above 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
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$79,070 · 0.75%
2023$67,101 · 0.73%
2022$27,509 · 0.30%
Similar plansRetail Trade · California
Jaco Oil Company CA$11.0M · 0.02%
McKenna Motor Company, Inc. CA$11.0M · 0.47%
Frontier Auto Sales CA$10.9M · 0.27%
Event Network, LLC CA$10.9M · 0.74%
E.M. Tharp, Inc. CA$10.9M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954456897 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.