Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › National Life Insurance › plan 005
National Life Insurance Company Agents Retirement Plan
- Sponsor National Life Insurance
- Plan number 005
- Plan year 2024
- $50-250M in assets
- single-employer
Administrative expenses excluding investment management, per participant · National Life Insurance Company Agents Retirement Plan · plan year 2024
$71.41
Higher than 36% of the 8,758 plans $50 to 250M that report it.
Source
= $44,058 / 617
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002084314NAL0000160483001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002084314NAL0000160483001, received 2025-10-02
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 2025-10-02.
Cost and contributions
Administrative expenses per participant
$71.41
Higher than 24% of the 9,042 plans $50 to 250M that report it.
Source
= $44,058 / 617
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002084314NAL0000160483001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002084314NAL0000160483001, received 2025-10-02
Administrative expenses as a share of assets
0.067%
Higher than 26% of the 9,049 plans $50 to 250M that report it.
Source
= $44,058 / $65,708,902
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002084314NAL0000160483001, received 2025-10-02
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002084314NAL0000160483001, received 2025-10-02
Employer contributions per participant
$2,033
Higher than 34% of the 9,105 plans $50 to 250M that report it.
Source
= $1,254,574 / 617
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002084314NAL0000160483001, received 2025-10-02
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002084314NAL0000160483001, received 2025-10-02
Employer share of total contributions
44.0%
Higher than 83% of the 9,112 plans $50 to 250M that report it.
Source
= $1,254,574 / $2,852,066
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002084314NAL0000160483001, received 2025-10-02
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002084314NAL0000160483001, received 2025-10-02
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) · 3B · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251002084314NAL0000160483001, received 2025-10-02
Full record, National Life Insurance Company Agents Retirement Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NATIONAL LIFE INSURANCE COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Plan name | NATIONAL LIFE INSURANCE COMPANY AGENTS RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Sponsor EIN / plan number | 03-0144090 / 005 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Sponsor location | MONTPELIER, VT | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Industry (business code) | 524140, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Filing received | 2025-10-02 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Participants, beginning of year | 807 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Active participants | 733 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Participants, end of year | 847 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Participants with an account balance | 617 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Total assets, beginning of year | $61,096,532 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Total assets, end of year | $65,708,902 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Net assets, end of year | $65,708,902 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Total income | $11,328,764 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Net income | $4,612,370 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Employer contributions | $1,254,574 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Participant contributions | $1,596,765 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Other contributions (incl. rollovers) | $727 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Total contributions | $2,852,066 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Benefit payments | $6,672,336 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Total expenses (incl. benefit payments) | $6,716,394 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Total administrative expenses | $44,058 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Contract administrator fees | $44,058 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Administrative expenses excluding investment management | $44,058 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Held in common/collective trusts | $34,207,975 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Held in mutual funds | $13,998,547 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251002084314NAL0000160483001, received 2025-10-02 |
| Independent auditor | MCSOLEY MCCOY & CO | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251002084314NAL0000160483001, received 2025-10-02 |
Position = column in the DOL layout for form year 2024. Filing 20251002084314NAL0000160483001, received 2025-10-02.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 50 Direct payment from the plan; 64 Recordkeeping fees | $44,020 | 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 20251002084314NAL0000160483001, received 2025-10-02.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $61,096,532 | $65,708,902 | 7.5% |
| Participants with a balance | 610 | 617 | 1.1% |
| Administrative expenses | $46,341 | $44,058 | -4.9% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,237,342 | $1,254,574 | 1.4% |
Prior filing 20241011094652NAL0022510433001, received 2024-10-11; the plan years are contiguous.