Plan Ledger DOL Form 5500 · updated monthly

The Nordam Group LLC401(k)

THE NORDAM GROUP LLC 401(K) RETIREMENT PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

The Nordam Group LLC reported $101,394 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,946 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 0.036% to 0.042%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 32nd-largest of 724 plans among Oklahoma employers on file, and the 992nd of 13,661 in manufacturing. In 2024, employees put in $1.54 for every $1.00 the employer contributed; active participation has grown from 1,365 to 1,511 since 2022.

Plan summary
Net assets, end of year$251,395,537
Participants with balances2,175
Active participants1,511
Employer contributions$5,962,775
Employee contributions$9,182,876
Employer contribution per active participant$3,946
Average account balance$115,584
Benefits paid to participants$22,530,088
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$251.4M · 2,175 accts · $6.0M emplr
2023$227.3M · 2,177 accts · $5.5M emplr
2022$199.4M · 2,043 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,394
Total administrative$101,394
The The Nordam Group LLC 401(k) match · 2024
Employer contribution per active participant$3,946
Median for plans this size$3,635
2024$3,946 per active participant
2023$3,664 per active participant
2022$2,291 per active participant

The Nordam Group LLC's 2024 employer contribution ran above the $3,635 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
MILLIMAN, INC. · Recordkeeping · Pension consulting$101,394
CHARLES SCHWAB TRUST BANK · Recordkeeping · Trustee (directed)indirect comp
CHARLES SCHWAB & CO., INC. · Recordkeeping · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Charles Schwab, Milliman
2023Charles Schwab, Milliman

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Administrative cost history3
2024$101,394 · 0.04%
2023$87,359 · 0.04%
2022$79,984 · 0.04%
Same employer
Similar plansManufacturing · Oklahoma
Aaon, Inc. OK$448.8M · 0.11%
Inx International Ink Co. IL$252.7M · 0.09%
Powell Industries, Inc. TX$252.3M · 0.03%
Knorr-Bremse NY$251.5M · 0.08%
Merit Medical Systems, Inc. UT$251.4M · 0.09%
Grundfos Pumps Corporation IL$250.9M · 0.11%
Insulet Corporation MA$250.4M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731017803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.