Plan Ledger DOL Form 5500 · updated monthly

Alexander Youth Network401(k)

ALEXANDER YOUTH NETWORK 401(K) PROFIT SHARING PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Alexander Youth Network reported $101,823 in plan administrative expenses for 2024: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,692 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 0.70% to 0.74%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 895th-largest of 2,005 plans among North Carolina employers on file, and the 4,555th of 11,911 in health care & social assistance. In 2024, employees put in $1.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,691,327
Participants with balances619
Active participants416
Employer contributions$703,915
Employee contributions$1,066,880
Employer contribution per active participant$1,692
Average account balance$23,734
Benefits paid to participants$1,328,053
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 619 accts · $704K emplr
2023$12.7M · 630 accts · $693K emplr
2022$10.3M · 569 accts · $571K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$101,823
Total administrative$101,823
The Alexander Youth Network 401(k) match · 2024
Employer contribution per active participant$1,692
Median for plans this size$2,416
2024$1,692 per active participant
2023$1,707 per active participant
2022$1,427 per active participant

Alexander Youth Network'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$101,844
NOVA 401(K) ASSOCIATES · Other servicesindirect comp

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$101,823 · 0.74%
2023$84,739 · 0.74%
2022$76,392 · 0.70%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Carolina Caring, Inc. NC$15.3M · 0.47%
Wilmington Eye, P.A. NC$15.0M · 0.55%
Ashe Memorial Hospital NC$13.8M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560554413 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.