Plan Ledger DOL Form 5500 · updated monthly

Norfolk Iron & Metal Company401(k)

NORFOLK IRON & METAL COMPANY 401(K) PROFIT SHARING PLAN · NORFOLK, NE · plan year 2025

Reported admin expense ratio · 2025
0.19%

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

Norfolk Iron & Metal Company reported $159,620 in plan administrative expenses for 2025: 0.19% of average plan assets, above the peer median. Employer contributions averaged $2,086 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 fell from 0.24% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other wholesale trade employers. By assets it is the 77th-largest of 565 plans among Nebraska employers on file, and the 487th of 4,246 in wholesale trade. In 2025, employees put in $2.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$86,490,362
Participants with balances974
Active participants838
Employer contributions$1,748,335
Employee contributions$5,112,173
Employer contribution per active participant$2,086
Average account balance$88,799
Benefits paid to participants$11,618,941
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$86.5M · 974 accts · $1.7M emplr
2024$78.0M · 963 accts · $1.7M emplr
2023$68.5M · 983 accts · $1.9M emplr
2022$59.0M · 984 accts · $1.9M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$104,641
Investment management$54,979
Total administrative$159,620
The Norfolk Iron & Metal Company 401(k) match · 2025
Employer contribution per active participant$2,086
Median for plans this size$4,093
2025$2,086 per active participant
2024$2,086 per active participant
2023$2,228 per active participant
2022$2,259 per active participant

Norfolk Iron & Metal Company's 2025 employer contribution ran below the $4,093 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$104,641
D A DAVIDSON & CO INC · Investment advisory (plan)$54,979

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

Administrative cost history4
2025$159,620 · 0.19%
2024$158,514 · 0.22%
2023$162,474 · 0.25%
2022$153,377 · 0.24%
Same employer
Similar plansWholesale Trade · Nebraska
The Scoular Company NE$165.7M · 0.06%
Tabor Street Group, LLC NE$90.7M · 0.28%
Nmc Group, Inc. NE$79.3M · 0.35%
Amcon Distributing Company NE$75.8M · 0.21%
Nebraska Book Company, Inc. NE$42.3M · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 470460089 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.