Plan Ledger DOL Form 5500 · updated monthly

The Noco Company401(k)

THE NOCO COMPANY 401(K) PLAN · GLENWILLOW, OH · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

The Noco Company reported $41,043 in plan administrative expenses for 2024: 0.76% of average plan assets, above the peer median. Employer contributions averaged $2,507 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 0.58% to 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Ohio (2,366th of 3,295), and 3,429th of 4,246 in wholesale trade. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,440,855
Participants with balances134
Active participants187
Employer contributions$468,896
Employee contributions$1,030,460
Employer contribution per active participant$2,507
Average account balance$48,066
Benefits paid to participants$53,293
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$6.4M · 134 accts · $469K emplr
2022$2.5M · 96 accts · $310K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,544
Investment management$19,499
Total administrative$41,043
The The Noco Company 401(k) match · 2024
Employer contribution per active participant$2,507
Median for plans this size$1,313
2024$2,507 per active participant
2022$2,138 per active participant

The Noco Company's 2024 employer contribution ran above the $1,313 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
WORLD INVESTMENT ADVISORS, LLC · Investment advisory (participants)$10,796
RAYMOND JAMES FSA INC · Investment advisory (participants)$10,351

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

Administrative cost history2
2024$41,043 · 0.76%
2022$14,264 · 0.58%
Same employer
Similar plansWholesale Trade · Ohio
Holman Motors, Inc. OH$7.7M · 0.52%
Carr Supply Co. OH$7.3M · 0.59%
Tsc Apparel LLC OH$6.8M · 0.06%
Nwo Beverage, Inc. OH$6.4M · 0.64%
Produce One, Inc. OH$6.1M · 0.68%
Mfs Supply, LLC OH$6.1M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340934391 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.