Plan Ledger DOL Form 5500 · updated monthly

A Caring Alternative, LLC401(k)

A CARING ALTERNATIVE, LLC 401(K) PLAN · MORGANTON, NC · plan year 2024

Reported admin expense ratio · 2024
1.38%

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

A Caring Alternative, LLC reported $18,200 in plan administrative expenses for 2024: 1.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $712 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 rose from 0.99% to 1.38%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,837th of 2,005), and 10,484th of 11,911 in health care & social assistance. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 121 to 152 since 2022.

Plan summary
Net assets, end of year$1,480,987
Participants with balances137
Active participants152
Employer contributions$108,298
Employee contributions$199,437
Employer contribution per active participant$712
Average account balance$10,810
Benefits paid to participants$119,737
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON, HOLLAND, WHITESELL & CO
Plan history3
Yearassets · accounts · employer contribution
2024$1.5M · 137 accts · $108K emplr
2023$1.2M · 103 accts · $89K emplr
2022$943K · 115 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,200
Total administrative$18,200
The A Caring Alternative, LLC 401(k) match · 2024
Employer contribution per active participant$712
Median for plans this size$1,313
2024$712 per active participant
2023$611 per active participant
2022$369 per active participant

A Caring Alternative, LLC's 2024 employer contribution ran below the $1,313 median for plans its size. 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
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$18,200

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$18,200 · 1.38%
2023$20,775 · 1.98%
2022$9,819 · 0.99%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina

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Source: U.S. Department of Labor, Form 5500 series, EIN 204357268 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.