Plan Ledger DOL Form 5500 · updated monthly

Norcom Realty Corp.401(k)

NORCOM REALTY & AFFILIATES 401(K) PLAN · SEFFNER, FL · plan year 2022

Reported admin expense ratio · 2022
0.12%

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

Norcom Realty Corp. reported $10,212 in plan administrative expenses for 2022: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $229 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 fell from 0.12% to 0.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (2,080th of 3,644), and 1,339th of 2,677 in transportation & warehousing. In 2022, employees put in $5.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,535,890
Participants with balances195
Active participants523
Employer contributions$119,951
Employee contributions$618,583
Employer contribution per active participant$229
Average account balance$38,646
Benefits paid to participants$1,402,448
Plan auditUnmodified (clean) audit opinion
AuditorACCELL AUDIT AND COMPLIANCE, PA
Plan history3
Yearassets · accounts · employer contribution
2024$6.9M · 210 accts · $137K emplr
2023$6.4M · 198 accts · $131K emplr
2022$7.5M · 195 accts · $120K emplr
The Norcom Realty Corp. 401(k) match · 2022
Employer contribution per active participant$229
Median for plans this size$1,114
2024$262 per active participant
2023$239 per active participant
2022$229 per active participant

Norcom Realty Corp.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$7,143 · 0.11%
2023$7,683 · 0.11%
2022$10,212 · 0.12%
Same employer
Similar plansTransportation & Warehousing · Florida
Walpole, Inc. FL$9.7M · 0.64%
Western Global Airlines FL$9.6M · 1.26%
Sts Holdings, LLC FL$9.5M · 0.65%
Trailer Bridge, Inc. FL$8.5M · 0.70%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 113318787 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.