Plan Ledger DOL Form 5500 · updated monthly

Northeastern Supply, Inc.401(k)

NORTHEASTERN SUPPLY, INC. 401(K) PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Northeastern Supply, Inc. reported $147,979 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,715 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 0.36% to 0.39%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 387th-largest of 1,671 plans among Maryland employers on file, and the 1,044th of 4,246 in wholesale trade. In 2024, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$39,562,614
Participants with balances410
Active participants323
Employer contributions$553,884
Employee contributions$1,693,933
Employer contribution per active participant$1,715
Average account balance$96,494
Benefits paid to participants$4,688,582
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.6M · 410 accts · $554K emplr
2023$36.2M · 394 accts · $667K emplr
2022$30.9M · 382 accts · $646K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$74,023
Investment management$36,978
Total administrative$147,979
The Northeastern Supply, Inc. 401(k) match · 2024
Employer contribution per active participant$1,715
Median for plans this size$2,416
2024$1,715 per active participant
2023$2,104 per active participant
2022$2,089 per active participant

Northeastern Supply, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$74,024
MERRILL LYNCH · Pension consulting · Investment advisory (plan)$73,955
COASTAL PENSION SERVICES, INC. · Contract administrator · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp

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$147,979 · 0.39%
2023$130,038 · 0.39%
2022$127,400 · 0.36%
Same employer
Similar plansWholesale Trade · Maryland
Shepherd Electric Co., Inc. MD$44.3M · 0.06%
Beretta U.S.A. Corporation MD$43.9M · 0.21%
Tilley Distribution, Inc. MD$40.8M · 0.25%
Waldorf Ford, Inc. MD$34.2M · 0.46%
Aireco Supply, Inc. MD$29.8M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520635515 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.