Plan Ledger DOL Form 5500 · updated monthly

Norman International, Inc.401(k)

NORMAN INTERNATIONAL, INC. 401(K) PROFIT SHARING PLAN · SANTA FE SPRINGS, CA · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Norman International, Inc. reported $107,380 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,198 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 0.57% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 3,300th-largest of 9,483 plans among California employers on file, and the 1,692nd of 4,246 in wholesale trade. In 2024, employees put in $2.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,873,186
Participants with balances175
Active participants203
Employer contributions$446,175
Employee contributions$1,054,195
Employer contribution per active participant$2,198
Average account balance$130,704
Benefits paid to participants$1,978,337
Plan auditUnmodified (clean) audit opinion
AuditorTHONG YU, WONG & LEE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 175 accts · $446K emplr
2023$20.8M · 180 accts · $435K emplr
2022$18.0M · 187 accts · $450K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$107,380
Total administrative$107,380
The Norman International, Inc. 401(k) match · 2024
Employer contribution per active participant$2,198
Median for plans this size$2,416
2024$2,198 per active participant
2023$2,120 per active participant
2022$2,175 per active participant

Norman International, Inc.'s 2024 employer contribution ran below 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$107,380
THONG, YU, WONG & LEE, LLP · Accounting / audit$8,500
LPL FINANCIAL LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS 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 history3
2024$107,380 · 0.49%
2023$99,993 · 0.52%
2022$109,968 · 0.57%
Same employer
Similar plansWholesale Trade · California
Seescan, Inc. CA$23.3M · 0.37%
Dynasty Footwear Limited CA$22.9M · 0.01%
Royal Plywood Company, LLC CA$22.9M · 0.02%
Ktm North America, Inc. CA$22.9M · 0.59%
Intex Corp. CA$22.8M · 0.11%
Spireon, Inc. CA$22.7M · 0.51%
E.L.F. Cosmetics, Inc. CA$22.6M · 0.01%
Santa Cruz Bicycles, Inc. CA$22.5M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954855385 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.