Plan Ledger DOL Form 5500 · updated monthly

Nordic Naturals401(k)

NORDIC NATURALS 401(K) PLAN · WATSONVILLE, CA · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Nordic Naturals reported $18,790 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,602 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 0.42% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 3,264th-largest of 9,483 plans among California employers on file, and the 5,378th of 13,661 in manufacturing. In 2024, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,276,168
Participants with balances489
Active participants344
Employer contributions$1,239,027
Employee contributions$2,223,463
Employer contribution per active participant$3,602
Average account balance$47,600
Benefits paid to participants$2,438,024
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.3M · 489 accts · $1.2M emplr
2023$19.6M · 477 accts · $1.2M emplr
2022$14.8M · 445 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,248
Investment management$4,542
Total administrative$18,790
The Nordic Naturals 401(k) match · 2024
Employer contribution per active participant$3,602
Median for plans this size$2,416
2024$3,602 per active participant
2023$3,355 per active participant
2022$3,107 per active participant

Nordic Naturals'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 · 20242
EMPOWER ANNUITY INSURANCE COMPANY O · Recordkeeping · Loan processing$14,248
EMPOWER ADVISORY GROUP, LLC · Investment management · Investment advisory (participants)$4,542

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$18,790 · 0.09%
2023$43,571 · 0.25%
2022$64,830 · 0.42%
Same employer
Similar plansManufacturing · California
Bogle Vineyards Inc CA$23.5M · 0.05%
Plasma Technology, Inc. CA$23.5M · 0.01%
Tecan Systems, Inc. CA$23.4M · 0.37%
Transpak, Inc. CA$23.4M · 0.29%
Mass Precision, Inc. CA$23.2M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412028522 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.