Plan Ledger DOL Form 5500 · updated monthly

Norkol, Inc.401(k)

NORKOL, INC. PROFIT SHARING AND SAVINGS PLAN · MONTGOMERY, IL · plan year 2023

Reported admin expense ratio · 2023
0.16%

Norkol, Inc. reported $24,263 in plan administrative expenses for 2023: 0.16% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio rose from 0.11% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Illinois (1,887th of 3,702), and 2,198th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$16,698,631
Participants with balances126
Active participants197
Employer contributions—
Employee contributions$589,109
Employer contribution per active participant—
Average account balance$132,529
Benefits paid to participants$1,516,910
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$16.7M · 126 accts
2022$14.4M · 135 accts · $288K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,464
Audit (IQPA)$17,799
Total administrative$24,263
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
FORVIS MAZARS · Accounting / audit$17,800
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$6,464
CETERA INVESTMENT ADVISERS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2023$24,263 · 0.16%
2022$16,342 · 0.11%
Similar plansWholesale Trade · Illinois
Gripple, Inc. IL$16.9M · 0.05%
Bos of Illinois, Inc. IL$16.9M · 0.43%
S&S Truck Parts LLC IL$16.7M · 0.10%
Supplycore Inc. IL$16.1M · 0.62%
Kreher Steel Company, LLC IL$16.0M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362648905 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.