Plan Ledger DOL Form 5500 · updated monthly

American Forest Management, Inc.401(k)

AMERICAN FOREST MANAGEMENT, INC. 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

American Forest Management, Inc. reported $83,087 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $3,229 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 0.19% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 380th-largest of 2,005 plans among North Carolina employers on file, and the 92nd of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$49,322,396
Participants with balances300
Active participants276
Employer contributions$891,308
Employee contributions$2,130,055
Employer contribution per active participant$3,229
Average account balance$164,408
Benefits paid to participants$3,944,689
Plan auditUnmodified (clean) audit opinion
AuditorGREERWALKER
Plan history3
Yearassets · accounts · employer contribution
2024$49.3M · 300 accts · $891K emplr
2023$44.6M · 309 accts · $832K emplr
2022$38.7M · 295 accts · $813K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$83,087
Total administrative$83,087
The American Forest Management, Inc. 401(k) match · 2024
Employer contribution per active participant$3,229
Median for plans this size$2,416
2024$3,229 per active participant
2023$2,931 per active participant
2022$2,989 per active participant

American Forest Management, Inc.'s 2024 employer contribution ran above 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$83,087
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)indirect comp
GREERWALKER, LLP · Accounting / auditindirect 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$83,087 · 0.18%
2023$77,439 · 0.19%
2022$79,315 · 0.19%
Same employer
Similar plansAgriculture, Forestry & Fishing · North Carolina
Prestage Farms, Inc. NC$96.8M · 0.34%
Metrolina Greenhouses, Inc. NC$83.0M · 0.19%
Case Foods, Inc. NC$46.7M · 0.23%
Z.V. Pate, Inc. NC$31.2M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570682169 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.