Plan Ledger DOL Form 5500 · updated monthly

Norton Lilly International, Inc.401(k)

NORTON LILLY INTERNATIONAL RETIREMENT PLAN · MOBILE, AL · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Norton Lilly International, Inc. reported $137,709 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,576 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 has held roughly steady near 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 197th-largest of 902 plans among Alabama employers on file, and the 477th of 2,677 in transportation & warehousing. In 2023, employees put in $4.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,959,579
Participants with balances723
Active participants473
Employer contributions$745,590
Employee contributions$3,108,642
Employer contribution per active participant$1,576
Average account balance$51,120
Benefits paid to participants$3,093,462
Plan auditUnmodified (clean) audit opinion
AuditorSMITH DUKES & BUCKALEW LLP
Plan history2
Yearassets · accounts · employer contribution
2023$37.0M · 723 accts · $746K emplr
2022$30.8M · 707 accts · $997K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$83,226
Investment management$54,483
Total administrative$137,709
The Norton Lilly International, Inc. 401(k) match · 2023
Employer contribution per active participant$1,576
Median for plans this size$2,440
2023$1,576 per active participant
2022$1,978 per active participant

Norton Lilly International, Inc.'s 2023 employer contribution ran below the $2,440 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 · 20234
ADP, INC. · Loan processing · Recordkeeping$82,701
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$41,983
SMITH, DUKES & BUCKALEW, LLP · Recordkeeping · Pension consulting$12,500
ADP BROKER-DEALER · Other servicesindirect comp

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$137,709 · 0.41%
2022$128,938 · 0.40%
Same employer
Similar plansTransportation & Warehousing · Alabama
The Cooper Group, Inc. AL$101.6M · 0.18%
Parker Towing Company, Inc. AL$45.0M · 0.02%
Garrison, Inc. AL$28.3M · 0.32%
Ps Logistics, LLC AL$26.7M · 0.92%
Civil Air Patrol AL$18.8M · 0.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 631222618 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.