Plan Ledger DOL Form 5500 · updated monthly

Northcentral Arkansas Development Council, Inc.401(k)

403(B) THRIFT PLAN OF NORTHCENTRAL ARKANSAS DEVELOPMENT COUNCIL, INC. · BATESVILLE, AR · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

Northcentral Arkansas Development Council, Inc. reported $321 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,227 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 0.02% to 0.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Arkansas (377th of 456), and 9,519th of 11,911 in health care & social assistance. In 2023, the employer put in $1.54 for every $1.00 employees contributed themselves; active participation has shrunk from 102 to 58 since 2022.

Plan summary
Net assets, end of year$2,659,133
Participants with balances103
Active participants58
Employer contributions$129,156
Employee contributions$83,819
Employer contribution per active participant$2,227
Average account balance$25,817
Benefits paid to participants$214,858
Plan auditDisclaimer of opinion
AuditorEGP PLLC CPAS AND CONSULTANTS
Plan history3
Yearassets · accounts · employer contribution
2024$1.8M · 93 accts · $141K emplr
2023$2.7M · 103 accts · $129K emplr
2022$2.4M · 119 accts · $176K emplr
The Northcentral Arkansas Development Council, Inc. 401(k) match · 2023
Employer contribution per active participant$2,227
Median for plans this size$1,308
2024$1,834 per active participant
2023$2,227 per active participant
2022$1,726 per active participant

Northcentral Arkansas Development Council, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$321

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

Recordkeeper by year2
2024The Standard
2023Mutual of America

This plan has changed recordkeepers within these filings. If you left Northcentral Arkansas Development Council, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$1,217 · 0.05%
2023$321 · 0.01%
2022$568 · 0.02%
Similar plansHealth Care & Social Assistance · Arkansas
Ozark Opportunities Inc. AR$2.7M · 0.02%
Southwest Ems AR$2.1M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710385980 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.