Plan Ledger DOL Form 5500 · updated monthly

1-800-PACK-RAT, LLC401(k)

1-800-PACK-RAT, LLC 401(K) PLAN · WAKE FOREST, NC · plan year 2024

Reported admin expense ratio · 2024
0.43%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

1-800-PACK-RAT, LLC reported $43,628 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $939 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.45% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in North Carolina (1,055th of 2,005), and the 1,568th of 3,341 in other services. In 2024, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,954,562
Participants with balances331
Active participants730
Employer contributions$685,162
Employee contributions$1,241,390
Employer contribution per active participant$939
Average account balance$33,095
Benefits paid to participants$1,414,533
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 331 accts · $685K emplr
2023$9.4M · 318 accts · $625K emplr
2022$7.3M · 317 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,628
Total administrative$43,628
The 1-800-PACK-RAT, LLC 401(k) match · 2024
Employer contribution per active participant$939
Median for plans this size$2,416
2024$939 per active participant
2023$877 per active participant
2022$1,586 per active participant

1-800-PACK-RAT, LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
LINCOLN NATIONAL CORPORATION · Contract administrator$43,628

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$43,628 · 0.43%
2023$110,456 · 1.32%
2022$32,338 · 0.45%
Similar plansOther Services · North Carolina
Boon Edam, Inc. NC$14.5M · 0.04%
United World Mission NC$10.0M · 0.95%
Tack Automotive, LLC NC$9.1M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202107163 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.