Retirement plan

NIC HOLDING CORP. EMPLOYEES 401(K) SAVINGS PLAN

Name: NIC HOLDING CORP. - NIC HOLDING CORP. EMPLOYEES 401(K) SAVINGS PLAN (2024) Form 5500
Creator: NIC HOLDING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NIC HOLDING CORP. EMPLOYEES 401(K) SAVINGS PLAN, NIC HOLDING CORP.

NIC HOLDING CORP.EIN 11-3577086Plan #003PY 2024

225 BROAD HOLLOW ROAD, SUITE 212W - MELVILLE, NY 11747631-293-4700

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$46.5M

+10.1% from 2023

Total participants

121

+3.4% from 2023

Average account balance

$387,465

+7.4% from 2023

Annual return

14.09%

+0.03 pp from 2023

Benchmarks

See 9,004 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,004 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$46.50M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$387K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

120

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$428

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP10+ years Service code 12 · EIN 06-1053228	Finders' fees / placement fees; Parti...	$51,359

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$51K

$694 / participant

Recordkeeping$25K48.1%
Investment mgmt$27K51.9%

% of EOY assets

0.110%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA P. C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$387,465

$101,752+280.8%

$164,928+134.9%

$80,911+378.9%

Participation rate

98.6%

71.8%+26.8pp

78.6%+20.0pp

67.6%+31.0pp

Annual return

14.09%

16.73%-2.6pp

70.08%-56.0pp

35.63%-21.5pp

Employer contribution / active EE

$9,474

$2,953+220.8%

$4,343+118.1%

$2,756+243.8%

Participant deferral / active EE

$14,080

$4,477+214.5%

$6,034+133.4%

$4,297+227.7%

Admin fee / account holder

$428

$8,218-94.8%

$12,684-96.6%

$6,935-93.8%

Provider

Service type

Compensation

USI CONSULTING GROUP10+ years

Service code 12 · EIN 06-1053228

Finders' fees / placement fees; Parti...

$51,359

NIC HOLDING CORP. EMPLOYEES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NIC HOLDING CORP. EMPLOYEES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion