Plan Ledger DOL Form 5500 · updated monthly

Acn Communication Services, LLC401(k)

ACN EMPLOYEES' SAVINGS AND RETIREMENT PLAN · CONCORD, NC · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Acn Communication Services, LLC reported $64,316 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,487 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 0.37% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 729th-largest of 2,005 plans among North Carolina employers on file, and the 1,019th of 2,199 in information & media. In 2024, employees put in $3.61 for every $1.00 the employer contributed; active participation has shrunk from 155 to 127 since 2022.

Plan summary
Net assets, end of year$20,238,163
Participants with balances176
Active participants127
Employer contributions$188,909
Employee contributions$682,382
Employer contribution per active participant$1,487
Average account balance$114,990
Benefits paid to participants$1,207,077
Plan auditUnmodified (clean) audit opinion
AuditorCARTER, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 176 accts · $189K emplr
2023$17.7M · 188 accts · $149K emplr
2022$16.3M · 196 accts · $125K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,474
Investment management$37,842
Total administrative$64,316
The Acn Communication Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,487
Median for plans this size$2,416
2024$1,487 per active participant
2023$1,029 per active participant
2022$805 per active participant

Acn Communication Services, LLC's 2024 employer contribution ran below the $2,416 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 · 20242
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$37,842

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$64,316 · 0.34%
2023$61,365 · 0.36%
2022$69,036 · 0.37%
Same employer
Similar plansInformation & Media · North Carolina
Telit Iot Solutions, Inc. NC$25.1M · 0.02%
Technology Partners, LLC NC$16.2M · 0.74%
Teamworks Innovations, Inc. NC$15.8M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383076464 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.