Plan Ledger DOL Form 5500 · updated monthly

Northeast Concepts, Inc.401(k)

NORTHEAST CONCEPTS, INC. 401(K) PLAN · DALLAS, PA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Northeast Concepts, Inc. reported $14,263 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $34 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 0.45% to 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Pennsylvania (3,213th of 3,651), and 1,251st of 2,240 in accommodation & food services. In 2024, employees put in $12.31 for every $1.00 the employer contributed; active participation has grown from 451 to 583 since 2022.

Plan summary
Net assets, end of year$2,796,010
Participants with balances100
Active participants583
Employer contributions$19,987
Employee contributions$245,998
Employer contribution per active participant$34
Average account balance$27,960
Benefits paid to participants$61,334
Plan auditUnmodified (clean) audit opinion
AuditorKRONICK KALADA BERDY & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 100 accts · $20K emplr
2023$2.3M · 102 accts · $22K emplr
2022$1.9M · 114 accts · $20K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,056
Investment management$2,078
Total administrative$14,263
The Northeast Concepts, Inc. 401(k) match · 2024
Employer contribution per active participant$34
Median for plans this size$1,313
2024$34 per active participant
2023$63 per active participant
2022$44 per active participant

Northeast Concepts, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$9,056

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$14,263 · 0.56%
2023$27,955 · 1.34%
2022$8,571 · 0.45%
Same employer
Similar plansAccommodation & Food Services · Pennsylvania
Serve U Brands, Inc. PA$3.8M · 0.69%
Isaac's Deli, Inc. PA$3.7M · 1.52%
P.D.M. Company, Inc. PA$3.1M · 0.02%
The Lodge at Woodloch PA$2.3M · 1.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232732273 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.