Department of Labor filing

NORAMCO INC

NORAMCO INC SAVINGS PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Jul 31, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

76filing comparison
out of 100

The filing signals stronger employer support and/or lower plan-paid administrative costs than many comparable plans. This is a filing comparison, not a complete benefits score.

$Employer support

$6,058

Reported employer contributions per active participant.

Higher than about 76% of comparable plans

#People in the filing

389

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$55 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 75% of comparable plans

↗Investment performance

Not available

Plan assets changed 92.7%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202476out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions76th percentileTypical peer $3,557 · based on 507 comparable plans

Lower reported administrative expense75th percentileTypical peer $151 · based on 492 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, NORAMCO INC reported $2,356,723 in employer contributions across the plan and 389 active participants. That works out to $6,058 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy68%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 20.3%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 48.5%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context76/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $2,356,723
Participant contributions: $4,402,179
Other contributions: $1,017,468
Employer share of reported contributions: 34.9%
Beginning assets: $34,220,722
Ending assets: $65,950,229
Ending net assets: $65,950,229
Ending liabilities: $0
Total income: $15,251,992
Total expenses: $6,287,612
Administrative expenses: $33,509
Participant loans: $995,194

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$7,606

2023

$6,862

2024

$6,058

Plan-paid administrative expenses per participant

2022

$107

2023

$25

2024

$55

Active participants

2022

206

2023

200

2024

389

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$6,058	389	66M	20250731202051NAL0002849587001
2023	$6,862	200	34.2M	20240724114725NAL0012907537001
2022	$7,606	206	27.8M	20230718074237NAL0000979010001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.5%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 581471426-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Aug 31, 2016
Industry: Industry group 325
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2A2E2F2G2J2K2S2T3D

Current plan terms

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Filing ACK_ID20250731202051NAL0002849587001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗