Plan Ledger DOL Form 5500 · updated monthly

North American Electric Reliability Corporation401(k)

NORTH AMERICAN ELECTRIC RELIABILITY CORPORATION SAVINGS AND INVESTMENT PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

North American Electric Reliability Corporation reported $22,982 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $18,268 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 0.04% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 300th-largest of 2,160 plans among Georgia employers on file, and the 221st of 3,341 in other services. In 2024, the employer put in $1.24 for every $1.00 employees contributed themselves; active participation has grown from 212 to 248 since 2022.

Plan summary
Net assets, end of year$91,407,954
Participants with balances324
Active participants248
Employer contributions$4,530,355
Employee contributions$3,642,072
Employer contribution per active participant$18,268
Average account balance$282,123
Benefits paid to participants$9,610,862
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$91.4M · 324 accts · $4.5M emplr
2023$80.9M · 302 accts · $4.2M emplr
2022$67.8M · 287 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,982
Total administrative$22,982
The North American Electric Reliability Corporation 401(k) match · 2024
Employer contribution per active participant$18,268
Median for plans this size$3,635
2024$18,268 per active participant
2023$18,467 per active participant
2022$17,345 per active participant

North American Electric Reliability Corporation's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$22,582

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$22,982 · 0.03%
2023$20,905 · 0.03%
2022$26,217 · 0.04%
Same employer
Similar plansOther Services · Georgia
Mimedx Group, Inc. GA$86.2M · 0.12%
Leaseplan U.S.A., Inc. GA$72.6M · 0.19%
Lor, Inc. GA$70.4M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 204821888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.