401k Record

Employers › National Funding

National Funding 401(k)

Recordkeeping fees per participant · National Funding, Inc. 401(k) Plan · plan year 2023

$189.46

Higher than 90% of the 13,318 plans $10 to 50M that report it.

Source

= $61,764 / 326
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20240920190952NAL0013941648001, received 2024-09-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240920190952NAL0013941648001, received 2024-09-20

10th: $8.38median $71.1390th: $189.70

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2023-01-01 to 2023-12-31, filing received 2024-09-20.

Cost and contributions

Administrative expenses excluding investment management, per participant

$210.59

10th: $12.50median $105.8490th: $309.83

Higher than 79% of the 23,494 plans $10 to 50M that report it.

Source

= $68,653 / 326
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20240920190952NAL0013941648001, received 2024-09-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240920190952NAL0013941648001, received 2024-09-20

Administrative expenses per participant

$210.59

10th: $21.83median $171.6490th: $417.48

Higher than 60% of the 24,286 plans $10 to 50M that report it.

Source

= $68,653 / 326
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240920190952NAL0013941648001, received 2024-09-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240920190952NAL0013941648001, received 2024-09-20

Administrative expenses as a share of assets

0.487%

10th: 0.029%median 0.269%90th: 0.572%

Higher than 83% of the 24,321 plans $10 to 50M that report it.

Source

= $68,653 / $14,089,076
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240920190952NAL0013941648001, received 2024-09-20
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20240920190952NAL0013941648001, received 2024-09-20

Employer contributions per participant

$2,657

10th: $655median $2,02590th: $4,780

Higher than 66% of the 23,376 plans $10 to 50M that report it.

Source

= $866,303 / 326
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240920190952NAL0013941648001, received 2024-09-20
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240920190952NAL0013941648001, received 2024-09-20

Employer share of total contributions

26.0%

10th: 13.2%median 28.1%90th: 46.4%

Higher than 43% of the 23,409 plans $10 to 50M that report it.

Source

= $866,303 / $3,335,991
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240920190952NAL0013941648001, received 2024-09-20
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20240920190952NAL0013941648001, received 2024-09-20

Plan terms, as stated in National Funding, Inc'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 · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20240920190952NAL0013941648001, received 2024-09-20

Full record, National Funding, Inc. 401(k) Plan

FieldValueSource
Plan sponsorNATIONAL FUNDING, INC.Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20240920190952NAL0013941648001, received 2024-09-20
Plan nameNATIONAL FUNDING, INC. 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20240920190952NAL0013941648001, received 2024-09-20
Sponsor EIN / plan number95-4724281 / 001Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20240920190952NAL0013941648001, received 2024-09-20
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20240920190952NAL0013941648001, received 2024-09-20
Sponsor locationSAN DIEGO, CAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20240920190952NAL0013941648001, received 2024-09-20
Industry (business code)532400, Real estate and rental and leasingForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20240920190952NAL0013941648001, received 2024-09-20
Plan year2023-01-01 to 2023-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20240920190952NAL0013941648001, received 2024-09-20
Filing received2024-09-20Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20240920190952NAL0013941648001, received 2024-09-20
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20240920190952NAL0013941648001, received 2024-09-20
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20240920190952NAL0013941648001, received 2024-09-20
Participants, beginning of year382Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20240920190952NAL0013941648001, received 2024-09-20
Active participants262Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20240920190952NAL0013941648001, received 2024-09-20
Participants, end of year333Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20240920190952NAL0013941648001, received 2024-09-20
Participants with an account balance326Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20240920190952NAL0013941648001, received 2024-09-20
Total assets, beginning of year$9,458,417Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20240920190952NAL0013941648001, received 2024-09-20
Total assets, end of year$14,089,076Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20240920190952NAL0013941648001, received 2024-09-20
Net assets, end of year$14,089,076Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20240920190952NAL0013941648001, received 2024-09-20
Total income$5,439,900Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20240920190952NAL0013941648001, received 2024-09-20
Net income$4,630,659Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20240920190952NAL0013941648001, received 2024-09-20
Employer contributions$866,303Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20240920190952NAL0013941648001, received 2024-09-20
Participant contributions$2,271,771Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20240920190952NAL0013941648001, received 2024-09-20
Other contributions (incl. rollovers)$197,917Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20240920190952NAL0013941648001, received 2024-09-20
Total contributions$3,335,991Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20240920190952NAL0013941648001, received 2024-09-20
Benefit payments$712,113Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20240920190952NAL0013941648001, received 2024-09-20
Total expenses (incl. benefit payments)$809,241Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20240920190952NAL0013941648001, received 2024-09-20
Total administrative expenses$68,653Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20240920190952NAL0013941648001, received 2024-09-20
Contract administrator fees$3,350Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20240920190952NAL0013941648001, received 2024-09-20
Recordkeeping fees$61,764Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20240920190952NAL0013941648001, received 2024-09-20
Administrative expenses excluding investment management$68,653derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20240920190952NAL0013941648001, received 2024-09-20
Held in master trusts$0Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20240920190952NAL0013941648001, received 2024-09-20
Held in common/collective trusts$0Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20240920190952NAL0013941648001, received 2024-09-20
Held in mutual funds$1,898,276Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20240920190952NAL0013941648001, received 2024-09-20
Independent auditorGATTO, POPE AND WALWICK, LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20240920190952NAL0013941648001, received 2024-09-20

Position = column in the DOL layout for form year 2023. Filing 20240920190952NAL0013941648001, received 2024-09-20.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
MERRILL LYNCH PIERCE FENNER & SMITHCONSULTANT 17 Consulting (pension); 27 Investment advisory (plan); 50 Direct payment from the plan $39,431yes
PRINCIPAL LIFE INSURANCE COMPANYrecordkeeperCONTRACT ADMIN 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees $29,098yes
SAN DIEGO PENSION CONSULTANTSOTHER SERVICES 49 Other services; 99 Other fees $0yes

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 20240920190952NAL0013941648001, received 2024-09-20.

No filing for the previous plan year is in the data, so there is no year-over-year comparison.

Alerts, claims and corrections

Alert me when this filing changes

One email when a new Form 5500 for National Funding, Inc. 401(k) Plan appears in the Department of Labor data. Confirmation link first; unsubscribe link in every email.

Claim this plan

For the sponsor or its plan administrator: request to verify or annotate this page. A work email address at the sponsor speeds up verification.

Report a correction

Every figure is reproduced from the filing with its source. Tell us which figure and what the filing says instead.

Sponsor name as filed: NATIONAL FUNDING, INC.; SEC registrant: National Funding, Inc (CIK 1785098, matched by EIN).