Plan Ledger DOL Form 5500 · updated monthly

North Atlantic Corp.401(k)

NORTH ATLANTIC CORP. 401(K) PROFIT SHARING PLAN AND TRUST · SOMERSET, MA · plan year 2025

Reported admin expense ratio · 2025
0.13%

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

North Atlantic Corp. reported $75,292 in plan administrative expenses for 2025: 0.13% of average plan assets, above the peer median. Employer contributions averaged $1,521 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 3 years on file its reported administrative ratio rose from 0.12% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other wholesale trade employers. By assets it is the 591st-largest of 2,726 plans among Massachusetts employers on file, and the 658th of 4,246 in wholesale trade. In 2025, employees put in $2.99 for every $1.00 the employer contributed; active participation has grown from 655 to 861 since 2022.

Plan summary
Net assets, end of year$62,804,063
Participants with balances827
Active participants861
Employer contributions$1,309,790
Employee contributions$3,915,115
Employer contribution per active participant$1,521
Average account balance$75,942
Benefits paid to participants$2,661,389
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$62.8M · 827 accts · $1.3M emplr
2024$50.1M · 723 accts · $813K emplr
2023$44.3M · 725 accts · $422K emplr
2022$37.1M · 727 accts · $386K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$54,569
Investment management$20,723
Total administrative$75,292
The North Atlantic Corp. 401(k) match · 2025
Employer contribution per active participant$1,521
Median for plans this size$4,093
2025$1,521 per active participant
2024$1,196 per active participant
2023$653 per active participant
2022$590 per active participant

North Atlantic Corp.'s 2025 employer contribution ran below the $4,093 median for plans its size, in the bottom 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$54,569
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$20,723

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

Administrative cost history4
2025$75,292 · 0.13%
2024$71,165 · 0.15%
2023$54,160 · 0.13%
2022$47,897 · 0.12%
Same employer
Similar plansWholesale Trade · Massachusetts
Sobi, Inc MA$94.8M · 0.01%
Heilind Electronics, Inc. MA$68.2M · 0.09%
Rochester Electronics, LLC MA$64.2M · 0.40%
Coghlin Companies, Inc. MA$57.7M · 0.27%
Buckley Associates, Inc. MA$51.4M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043173943 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.