Nugate Group, LLC401(k)
THE CONTRACTORS RETIREMENT PLAN · SAN JOSE, CA · plan year 2022
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Nugate Group, LLC reported $24,000 in plan administrative expenses for 2022: 3.50% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,073 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 1 year on file its reported administrative ratio fell from 3.50% to 2.04%. The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (8,966th of 9,483), and 5,172nd of 5,337 in construction. In 2022, the employer put in $6.37 for every $1.00 employees contributed themselves.
Nugate Group, LLC's 2022 employer contribution ran above the $331 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 800493013 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.