Plan Ledger DOL Form 5500 · updated monthly

Npk Construction Equipment, Inc.401(k)

NPK RETIREMENT & SAVINGS PLAN · WALTON HILLS, OH · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Npk Construction Equipment, Inc. reported $91,446 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $7,125 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 0.51% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 952nd-largest of 3,295 plans among Ohio employers on file, and the 1,321st of 4,246 in wholesale trade. In 2024, the employer put in $1.08 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$31,030,364
Participants with balances279
Active participants235
Employer contributions$1,674,399
Employee contributions$1,551,135
Employer contribution per active participant$7,125
Average account balance$111,220
Benefits paid to participants$1,628,388
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$31.0M · 279 accts · $1.7M emplr
2023$26.4M · 281 accts · $1.8M emplr
2022$24.6M · 266 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,892
Investment management$40,000
Total administrative$91,446
The Npk Construction Equipment, Inc. 401(k) match · 2024
Employer contribution per active participant$7,125
Median for plans this size$2,416
2024$7,125 per active participant
2023$7,890 per active participant
2022$9,230 per active participant

Npk Construction Equipment, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
VALMARK ADVISERS, INC. · Investment advisory (plan)$40,000

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$91,446 · 0.32%
2023$89,722 · 0.35%
2022$132,487 · 0.51%
Same employer
Similar plansWholesale Trade · Ohio
Columbus Equipment Company OH$33.1M · 0.19%
Ohio Valley Flooring, Inc. OH$31.8M · 0.18%
Keim Lumber Company OH$31.1M · 0.31%
Jenne, Inc. OH$29.5M · 0.02%
The House of Larose, Inc OH$27.3M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341482090 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.