Plan Ledger DOL Form 5500 · updated monthly

Northern Enterprises, Inc.401(k)

NORTHERN ENTERPRISES, INC. 401(K) SAVINGS PLAN & TRUST · COLUMBUS, OH · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

Northern Enterprises, Inc. reported $1,050 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,904 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 fell from 0.12% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (2,038th of 3,295), and 2,743rd of 5,215 in retail trade. In 2023, employees put in $2.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,460,031
Participants with balances95
Active participants64
Employer contributions$121,856
Employee contributions$308,435
Employer contribution per active participant$1,904
Average account balance$99,579
Benefits paid to participants$221,482
Plan auditUnmodified (clean) audit opinion
AuditorMCCURDY & ASSOCIATES, INC.
Plan history2
Yearassets · accounts · employer contribution
2023$9.5M · 95 accts · $122K emplr
2022$8.1M · 97 accts · $140K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,050
Total administrative$1,050
The Northern Enterprises, Inc. 401(k) match · 2023
Employer contribution per active participant$1,904
Median for plans this size$1,308
2023$1,904 per active participant
2022$2,119 per active participant

Northern Enterprises, 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

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

Administrative cost history2
2023$1,050 · 0.01%
2022$11,399 · 0.12%
Same employer
Similar plansRetail Trade · Ohio
Greenwood Chevrolet, Inc. OH$9.6M · 0.04%
Ritz Safety LLC OH$9.6M · 0.92%
Shaffer Distributing Co. OH$9.6M · 0.59%
Trademark Global, LLC OH$9.5M · 0.73%
Oki Furniture Fair LLC OH$9.2M · 0.62%
Beau Townsend Ford, Inc. OH$9.2M · 0.45%
Redline Equipment Co. OH$9.1M · 0.70%
Marhofer Chevrolet Inc. OH$9.0M · 1.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311237700 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.