Plan Ledger DOL Form 5500 · updated monthly

Norris Design, Inc.401(k)

NORRIS DESIGN 401(K) PROFIT SHARING PLAN AND TRUST · DENVER, CO · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Norris Design, Inc. reported $46,547 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,968 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 0.20% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 509th-largest of 1,461 plans among Colorado employers on file, and the 5,458th of 11,654 in professional & technical services. In 2024, employees put in $2.13 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,543,513
Participants with balances185
Active participants139
Employer contributions$551,573
Employee contributions$1,172,708
Employer contribution per active participant$3,968
Average account balance$111,046
Benefits paid to participants$3,415,728
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.5M · 185 accts · $552K emplr
2023$19.3M · 196 accts · $614K emplr
2022$15.5M · 175 accts · $564K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,853
Trustee / custodial$43,694
Total administrative$46,547
The Norris Design, Inc. 401(k) match · 2024
Employer contribution per active participant$3,968
Median for plans this size$2,416
2024$3,968 per active participant
2023$4,874 per active participant
2022$3,972 per active participant

Norris Design, Inc.'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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$35,401
ALERUS INVESTMENT ADVISOR, INC. · Investment advisory (participants) · Investment advisory (plan)$8,293

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$46,547 · 0.23%
2023$33,158 · 0.19%
2022$32,504 · 0.20%
Same employer
Similar plansProfessional & Technical Services · Colorado
dba Employers Council CO$20.8M · 0.08%
Monigle Associates, Inc. CO$20.6M · 0.13%
Sterling-Rice Group, Inc. CO$20.4M · 0.05%
Aduro Advisors, LLC CO$20.3M · 0.24%
Zivaro, Inc. CO$20.2M · 0.37%
Adswerve, Inc. CO$19.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841179372 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.