Plan Ledger DOL Form 5500 · updated monthly

Angus Barn, LTD, LLC401(k)

ANGUS BARN 401(K) PROFIT SHARING PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Angus Barn, LTD, LLC reported $37,884 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,059 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 0.21% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 842nd-largest of 2,005 plans among North Carolina employers on file, and the 377th of 2,240 in accommodation & food services. In 2024, employees put in $2.68 for every $1.00 the employer contributed; active participation has grown from 216 to 254 since 2022.

Plan summary
Net assets, end of year$16,041,526
Participants with balances287
Active participants254
Employer contributions$268,941
Employee contributions$721,762
Employer contribution per active participant$1,059
Average account balance$55,894
Benefits paid to participants$611,949
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS JUDY & TUCKER PA
Plan history3
Yearassets · accounts · employer contribution
2024$16.0M · 287 accts · $269K emplr
2023$13.5M · 258 accts · $246K emplr
2022$11.4M · 240 accts · $221K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,047
Trustee / custodial$10,837
Total administrative$37,884
The Angus Barn, LTD, LLC 401(k) match · 2024
Employer contribution per active participant$1,059
Median for plans this size$2,416
2024$1,059 per active participant
2023$1,047 per active participant
2022$1,023 per active participant

Angus Barn, LTD, 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 · 20242
FIRST CITIZENS BANK& TRUST COMPANY · Consulting · Trustee$27,047
NEWPORT TRUST COMPANY · Trustee · Trustee (discretionary)$10,837

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$37,884 · 0.26%
2023$27,983 · 0.23%
2022$26,053 · 0.21%
Same employer
Similar plansAccommodation & Food Services · North Carolina
Ebci Holdings, LLC NC$43.0M · 0.42%
Tri-Arc Food Systems, Inc. NC$14.0M · 0.31%
Biscuitville, Inc. NC$13.9M · 0.49%
Hospitality Ventures, LLC NC$12.0M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562163933 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.