Plan Ledger DOL Form 5500 · updated monthly

Northwood Manufacturing, Inc.401(k)

NORTHWOOD INVESTMENTS CORP 401(K) PROFIT SHARING PLAN · LA GRANDE, OR · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Northwood Manufacturing, Inc. reported $23,161 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $543 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 fell from 0.12% to 0.09%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 309th-largest of 1,021 plans among Oregon employers on file, and the 4,949th of 13,661 in manufacturing. In 2024, employees put in $7.91 for every $1.00 the employer contributed; active participation has shrunk from 482 to 417 since 2022.

Plan summary
Net assets, end of year$26,282,890
Participants with balances479
Active participants417
Employer contributions$226,622
Employee contributions$1,793,297
Employer contribution per active participant$543
Average account balance$54,870
Benefits paid to participants$2,000,220
Plan auditDisclaimer of opinion
AuditorDELAP LLC
Plan history3
Yearassets · accounts · employer contribution
2024$26.3M · 479 accts · $227K emplr
2023$23.9M · 524 accts · $950K emplr
2022$20.4M · 542 accts · $801K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,161
Total administrative$23,161
The Northwood Manufacturing, Inc. 401(k) match · 2024
Employer contribution per active participant$543
Median for plans this size$2,416
2024$543 per active participant
2023$2,022 per active participant
2022$1,663 per active participant

Northwood Manufacturing, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$23,161
PRINCIPAL SECURITIES INC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$23,161 · 0.09%
2023$26,842 · 0.12%
2022$26,453 · 0.12%
Similar plansManufacturing · Oregon
Bruce Packing Co., Inc. OR$28.4M · 0.50%
Freres Lumber Co., Inc. OR$28.0M · 0.16%
Benchmade Knife Co., Inc. OR$26.0M · 0.04%
Kai USA LTD OR$24.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 931180082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.