Plan Ledger DOL Form 5500 · updated monthly

Ntk Precision Axle Corporation401(k)

NTK/NTA PRECISION AXLE CORPORATIONS RETIREMENT SAVINGS PLAN · FRANKFORT, IN · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Ntk Precision Axle Corporation reported $21,331 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $1,271 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 0.17% to 0.16%. 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 741st-largest of 1,562 plans among Indiana employers on file, and 7,314th of 13,661 in manufacturing. In 2024, employees put in $2.34 for every $1.00 the employer contributed; active participation has grown from 235 to 394 since 2022.

Plan summary
Net assets, end of year$14,241,511
Participants with balances377
Active participants394
Employer contributions$500,958
Employee contributions$1,172,250
Employer contribution per active participant$1,271
Average account balance$37,776
Benefits paid to participants$1,717,042
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 377 accts · $501K emplr
2023$12.7M · 350 accts · $523K emplr
2022$10.5M · 322 accts · $411K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,563
Investment management$2,617
Total administrative$21,331
The Ntk Precision Axle Corporation 401(k) match · 2024
Employer contribution per active participant$1,271
Median for plans this size$2,416
2024$1,271 per active participant
2023$1,433 per active participant
2022$1,749 per active participant

Ntk Precision Axle Corporation'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 · 20242
EMPOWER ANNUITY INSURANCE COMPANY · Contract administrator · Recordkeeping$18,563
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$2,618

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Ntk Precision Axle Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$21,331 · 0.16%
2023$19,720 · 0.17%
2022$19,444 · 0.17%
Similar plansManufacturing · Indiana
Nap Asset Holdings, LTD IN$14.6M · 0.52%
Messenger, LLC IN$14.5M · 0.23%
Pmg Indiana LLC IN$14.4M · 0.02%
Dorel Juvenile Group, Inc. IN$14.3M · 0.37%
Electronics Research, Inc. IN$14.0M · 0.32%
The Papers Incorporated IN$14.0M · 0.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 201099646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.