Plan Ledger DOL Form 5500 · updated monthly

Northland Electrical Services, LLC401(k)

NORTHLAND ELECTRICAL SERVICES 401(K) RETIREMENT PLAN · NEW LONDON, WI · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Northland Electrical Services, LLC reported $52,655 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $2,914 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 has held roughly steady near 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Wisconsin (1,251st of 1,936), and 3,033rd of 5,337 in construction. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 123 to 148 since 2022.

Plan summary
Net assets, end of year$10,437,787
Participants with balances170
Active participants148
Employer contributions$431,282
Employee contributions$817,259
Employer contribution per active participant$2,914
Average account balance$61,399
Benefits paid to participants$435,789
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 170 accts · $431K emplr
2023$8.6M · 156 accts · $386K emplr
2022$6.0M · 143 accts · $329K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,655
Total administrative$52,655
The Northland Electrical Services, LLC 401(k) match · 2024
Employer contribution per active participant$2,914
Median for plans this size$1,313
2024$2,914 per active participant
2023$2,736 per active participant
2022$2,675 per active participant

Northland Electrical Services, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$52,655

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$52,655 · 0.55%
2023$46,928 · 0.64%
2022$31,643 · 0.54%
Same employer
Similar plansConstruction · Wisconsin
Push, Inc. WI$11.1M · 0.45%
Daar Engineering, Inc. WI$10.7M · 0.46%
River Holding Company WI$10.2M · 0.25%
Jack Walters & Sons Corp. WI$9.7M · 0.37%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 320045110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.