Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › National Bank of Canada
National Bank of Canada 401(k)
- Finance and insurance
- New York, NY
- EIN 95-4108888
- 1 plan with Schedule H financials
- Plan year 2024
- SEC registrant National Bank of Canada Financial Inc.
Administrative expenses excluding investment management, per participant · National Bank of Canada 401(k) Plan · plan year 2024
$31.40
Higher than 17% of the 8,758 plans $50 to 250M that report it.
Source
= $13,534 / 431
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014105949NAL0001271251001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014105949NAL0001271251001, received 2025-10-14
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-14.
Cost and contributions
Administrative expenses per participant
$31.40
Higher than 11% of the 9,042 plans $50 to 250M that report it.
Source
= $13,534 / 431
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014105949NAL0001271251001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014105949NAL0001271251001, received 2025-10-14
Administrative expenses as a share of assets
0.020%
Higher than 9% of the 9,049 plans $50 to 250M that report it.
Source
= $13,534 / $68,946,419
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014105949NAL0001271251001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014105949NAL0001271251001, received 2025-10-14
Employer contributions per participant
$2,858
Higher than 52% of the 9,105 plans $50 to 250M that report it.
Source
= $1,231,918 / 431
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014105949NAL0001271251001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014105949NAL0001271251001, received 2025-10-14
Employer share of total contributions
23.1%
Higher than 29% of the 9,112 plans $50 to 250M that report it.
Source
= $1,231,918 / $5,324,527
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014105949NAL0001271251001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014105949NAL0001271251001, received 2025-10-14
Plan terms, as stated in National Bank of Canada's SEC filings
Plan terms are not published in public filings.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014105949NAL0001271251001, received 2025-10-14
Full record, National Bank of Canada 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NATIONAL BANK OF CANADA | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Plan name | NATIONAL BANK OF CANADA 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Sponsor EIN / plan number | 95-4108888 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Sponsor location | NEW YORK, NY | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Industry (business code) | 523110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Filing received | 2025-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Participants, beginning of year | 487 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Active participants | 300 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Participants, end of year | 473 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Participants with an account balance | 431 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Total assets, beginning of year | $62,202,485 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Total assets, end of year | $68,946,419 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Net assets, end of year | $68,946,419 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Total income | $14,030,809 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Net income | $6,743,934 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Employer contributions | $1,231,918 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Participant contributions | $3,775,210 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Other contributions (incl. rollovers) | $317,399 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Total contributions | $5,324,527 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Benefit payments | $7,273,341 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Total expenses (incl. benefit payments) | $7,286,875 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Total administrative expenses | $13,534 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Contract administrator fees | $13,534 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Administrative expenses excluding investment management | $13,534 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Held in mutual funds | $62,594,481 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014105949NAL0001271251001, received 2025-10-14 |
| Independent auditor | COHNREZNICK LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014105949NAL0001271251001, received 2025-10-14 |
Position = column in the DOL layout for form year 2024. Filing 20251014105949NAL0001271251001, received 2025-10-14.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| STANCORP FINANCIAL GROUPrecordkeeper | NONE | 12 Claims processing; 15 Recordkeeping and information management; 18 Custodial (other than securities); 19 Custodial (securities); 50 Direct payment from the plan; 60 Sub-transfer agency fees | $13,534 | no |
| SCHWAB TRUST COMPANY | NONE | 19 Custodial (securities); 59 Shareholder servicing fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251014105949NAL0001271251001, received 2025-10-14.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $62,202,485 | $68,946,419 | 10.8% |
| Participants with a balance | 442 | 431 | -2.5% |
| Administrative expenses | $12,837 | $13,534 | 5.4% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,296,047 | $1,231,918 | -4.9% |
Prior filing 20241002105908NAL0008682337001, received 2024-10-02; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: NATIONAL BANK OF CANADA; SEC registrant: NATIONAL BANK OF CANADA FINANCIAL INC. (CIK 835587, matched by EIN).