Plan Ledger DOL Form 5500 · updated monthly

Nott CompanyESOP

NOTT COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · MINNEAPOLIS, MN · plan year 2022

Reported admin expense ratio · 2022
0.06%

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

Nott Company reported $31,361 in plan administrative expenses for 2022: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,167 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 0.06% to 4.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,341 comparable plans and shown alongside other wholesale trade employers. By assets it is the 455th-largest of 1,918 plans among Minnesota employers on file, and the 743rd of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$54,541,642
Participants with balances271
Active participants240
Employer contributions$1,720,000
Employee contributions—
Employer contribution per active participant$7,167
Average account balance$201,261
Benefits paid to participants$9,773,350
Plan auditUnmodified (clean) audit opinion
AuditorSCHLENNER WENNER & CO
Plan history3
Yearassets · accounts · employer contribution
2024$48.5M · 339 accts · $3.0M emplr
2023$48.9M · 353 accts · $1.8M emplr
2022$54.5M · 271 accts · $1.7M emplr
Administrative expenses, itemized · 2022
Professional / advisory$31,361
Total administrative$31,361
Employer contributions to the Nott Company plan · 2022
Employer contribution per active participant$7,167
Median for plans this size$3,449
2024$10,467 per active participant
2023$5,692 per active participant
2022$7,167 per active participant

Nott Company's 2022 employer contribution ran above the $3,449 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024NEWPORT
2023NEWPORT

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

Administrative cost history3
2024$2,042,506 · 4.19%
2023$16,824 · 0.03%
2022$31,361 · 0.06%
All plans at this employer2
NOTT COMPANY RETIREMENT SAVINGS PLAN AND TRUST401(k)
NOTT COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP
Same employer
Similar plansWholesale Trade · Minnesota
Productivity, Inc. MN$58.3M · 0.29%
E.A. Sween Company MN$53.7M · 0.35%
Aep Holdings, Inc. MN$53.2M · 0.33%
Lindstrom, LLC MN$51.8M · 0.37%
Bayer Built Woodworks, Inc. MN$48.6M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 410452050 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.