Plan Ledger DOL Form 5500 · updated monthly

Norican Group US401(k)

NORICAN GROUP US 401(K) PLAN · GOLDEN, CO · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Norican Group US reported $109,176 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,973 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 0.16% to 0.31%. 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 326th-largest of 1,461 plans among Colorado employers on file, and the 3,932nd of 13,661 in manufacturing. In 2024, employees put in $2.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,229,300
Participants with balances337
Active participants234
Employer contributions$695,764
Employee contributions$1,730,311
Employer contribution per active participant$2,973
Average account balance$107,505
Benefits paid to participants$4,178,533
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.2M · 337 accts · $696K emplr
2023$34.0M · 284 accts · $521K emplr
2022$26.8M · 276 accts · $483K emplr
The Norican Group US 401(k) match · 2024
Employer contribution per active participant$2,973
Median for plans this size$2,416
2024$2,973 per active participant
2023$2,119 per active participant
2022$2,046 per active participant

Norican Group US'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 · 20243
THE VANGUARD GROUP, INC. · Recordkeeping · Consulting$49,812
CREATIVE PLANNING · Actuarial$47,824
PLANTE & MORAN PLLC · Actuarial$9,521

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$109,176 · 0.31%
2023$56,796 · 0.19%
2022$48,396 · 0.16%
Similar plansManufacturing · Colorado
Standard Biotools Inc. CO$48.4M · 0.04%
Mesa Laboratories, Inc. CO$47.7M · 0.13%
Midwest Pms CO$39.2M · 0.36%
Simply Good Foods USA, Inc. CO$36.9M · 0.41%
Cs Wind America, Inc. CO$34.1M · 0.40%
Lignetics, Inc. CO$33.0M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 412084532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.