Plan Ledger DOL Form 5500 · updated monthly

The Northridge Group, Inc.401(k)

THE NORTHRIDGE GROUP, INC. PROFIT SHARING PLAN AND TRUST · ROSEMONT, IL · plan year 2022

Reported admin expense ratio · 2022
0.47%

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

The Northridge Group, Inc. reported $35,888 in plan administrative expenses for 2022: 0.47% of average plan assets, below the peer median. Employer contributions averaged $212 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 rose from 0.47% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Illinois (2,760th of 3,702), and 9,134th of 11,654 in professional & technical services. In 2022, employees put in $31.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,682,417
Participants with balances106
Active participants87
Employer contributions$18,481
Employee contributions$582,367
Employer contribution per active participant$212
Average account balance$63,042
Benefits paid to participants$907,814
Plan auditUnmodified (clean) audit opinion
AuditorPKF MUELLER
Plan history2
Yearassets · accounts · employer contribution
2023$6.3M · 94 accts · $26K emplr
2022$6.7M · 106 accts · $18K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$35,888
Total administrative$35,888
The The Northridge Group, Inc. 401(k) match · 2022
Employer contribution per active participant$212
Median for plans this size$1,114
2023$495 per active participant
2022$212 per active participant

The Northridge Group, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$35,762 · 0.55%
2022$35,888 · 0.47%
Similar plansProfessional & Technical Services · Illinois
Zzounds Music, LLC IL$6.6M · 0.01%
Aspire Systems Digital IL$6.5M · 0.09%
Buddobot,Inc. IL$6.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364271881 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.