Plan Ledger DOL Form 5500 · updated monthly

Nqm Funding, LLC401(k)

NP, INC. 401(K) PLAN · BOCA RATON, FL · plan year 2024

Reported admin expense ratio · 2024
1.30%

Nqm Funding, LLC reported $81,856 in plan administrative expenses for 2024: 1.30% of average plan assets, higher than ~90% of peers. 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 2.07% to 1.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Florida (2,161st of 3,644), and 4,279th of 4,798 in finance & insurance. active participation has shrunk from 278 to 239 since 2022.

Plan summary
Net assets, end of year$6,989,918
Participants with balances365
Active participants239
Employer contributions—
Employee contributions$1,442,830
Employer contribution per active participant—
Average account balance$19,150
Benefits paid to participants$1,162,975
Plan auditUnmodified (clean) audit opinion
AuditorCATHEDRAL CPAS AND ADVISORS
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 365 accts
2023$5.6M · 327 accts
2022$4.2M · 316 accts · $150K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,558
Investment management$1,260
Total administrative$81,856
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.

Administrative cost history3
2024$81,856 · 1.30%
2023$71,841 · 1.46%
2022$84,689 · 2.07%
Same employer
Similar plansFinance & Insurance · Florida
Intercredit Bank, N.A. FL$7.2M · 0.65%
Scooterbug, Inc. FL$7.1M · 0.35%
Ygrene Energy Fund, Inc. FL$6.9M · 0.29%
King Risk Partners, LLC FL$6.9M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650709224 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.