Plan Ledger DOL Form 5500 · updated monthly

The Noel Corporation401(k)

THE NOEL CORPORATION 401(K) RETIREMENT PLAN · YAKIMA, WA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

The Noel Corporation reported $92,186 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $2,774 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 3 years on file its reported administrative ratio has held roughly steady near 0.36%. 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 562nd-largest of 1,714 plans among Washington employers on file, and the 4,751st of 13,661 in manufacturing. In 2024, employees put in $1.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,908,088
Participants with balances388
Active participants334
Employer contributions$926,603
Employee contributions$1,187,864
Employer contribution per active participant$2,774
Average account balance$71,928
Benefits paid to participants$952,839
Plan auditQualified audit opinion
AuditorPETERSEN CPAS AND ADVISORS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$27.9M · 388 accts · $927K emplr
2023$22.9M · 366 accts · $878K emplr
2022$18.4M · 366 accts · $820K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,440
Investment management$29,246
Audit (IQPA)$7,500
Total administrative$92,186
The The Noel Corporation 401(k) match · 2024
Employer contribution per active participant$2,774
Median for plans this size$2,416
2024$2,774 per active participant
2023$2,710 per active participant
2022$2,604 per active participant

The Noel Corporation's 2024 employer contribution ran above the $2,416 median for plans its size. 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$55,440
WELLS FARGO ADVISORS · Investment advisory (plan)$29,246
PETERSEN CPA'S · Accounting / audit$7,500

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$92,186 · 0.36%
2023$74,633 · 0.36%
2022$79,183 · 0.37%
Same employer
Similar plansManufacturing · Washington
Alta Forest Products, LLC WA$29.3M · 0.37%
R. a. Pearson Company WA$29.3M · 0.06%
Obi Seafoods, LLC WA$27.5M · 0.34%
Microvision, Inc. WA$25.8M · 0.04%
Ocean Beauty Seafoods LLC WA$25.4M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910826068 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.