Plan Ledger DOL Form 5500 · updated monthly

North American Security, Inc.Profit-sharing plan

NORTH AMERICAN SECURITY RETIREMENT PLAN · EDMOND, OK · plan year 2024

Reported admin expense ratio · 2024
1.45%

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

North American Security, Inc. reported $68,168 in plan administrative expenses for 2024: 1.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,413 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 1 year on file its reported administrative ratio rose from 1.18% to 1.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Oklahoma (545th of 724), and 1,428th of 2,534 in administrative & support services. In 2024, the employer put in $104.19 for every $1.00 employees contributed themselves; active participation has shrunk from 539 to 386 since 2022.

Plan summary
Net assets, end of year$5,098,196
Participants with balances632
Active participants386
Employer contributions$1,703,558
Employee contributions$16,350
Employer contribution per active participant$4,413
Average account balance$8,067
Benefits paid to participants$1,370,777
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 632 accts · $1.7M emplr
2023$4.3M · 524 accts · $1.5M emplr
2022$3.1M · 673 accts · $841K emplr
Administrative expenses, itemized · 2024
Audit (IQPA)$68,168
Total administrative$68,168
Employer contributions to the North American Security, Inc. plan · 2024
Employer contribution per active participant$4,413
Median for plans this size$1,313
2024$4,413 per active participant
2023$3,074 per active participant
2022$1,560 per active participant

North American Security, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20245
BOON ADMINISTRATIVE SERVICES, INC · Investment management$23,874
NATIONWIDE · Investment management$16,201
KESTRA FINANCIAL/NFP ADVISOR SERV I · Investment management$11,806
NATIONWIDE RETIREMENT PLANS · Investment management$1,002
NATIONWIDE · Investment management$927

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$68,168 · 1.45%
2023$43,635 · 1.18%
2022Not separately reported
Same employer
Similar plansAdministrative & Support Services · Oklahoma
Weldon Parts, Inc. OK$4.5M · 0.36%
Den Mar Services, Inc. OK$4.0M · 0.42%
McCoy Tree Surgery Co. OK$2.3M · 1.30%
Fms, Inc OK$1.4M · 1.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954502871 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.