Plan Ledger DOL Form 5500 · updated monthly

Applegate Greenfiber Acquisition, LLC401(k)

APPLEGATE GREENFIBER ACQUISITIONS, LLC 401(K) RETIREMENT SAVINGS PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Applegate Greenfiber Acquisition, LLC reported $48,599 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $1,190 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 0.62% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,147th of 2,005), and 9,066th of 13,661 in manufacturing. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has shrunk from 434 to 332 since 2022.

Plan summary
Net assets, end of year$9,376,777
Participants with balances193
Active participants332
Employer contributions$395,111
Employee contributions$746,817
Employer contribution per active participant$1,190
Average account balance$48,584
Benefits paid to participants$1,021,293
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 193 accts · $395K emplr
2023$8.2M · 187 accts · $312K emplr
2022$7.0M · 183 accts · $248K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,711
Investment management$25,888
Total administrative$48,599
The Applegate Greenfiber Acquisition, LLC 401(k) match · 2024
Employer contribution per active participant$1,190
Median for plans this size$1,313
2024$1,190 per active participant
2023$852 per active participant
2022$571 per active participant

Applegate Greenfiber Acquisition, 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 · 20242
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$22,711
CBIZ INVESTMENT ADVISORY SERVICE · Investment advisory (plan)$25,888

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$48,599 · 0.55%
2023$45,041 · 0.59%
2022$45,313 · 0.62%
Same employer
Similar plansManufacturing · North Carolina
K-Flex USA LLC NC$9.8M · 0.49%
Von Drehle Corporation NC$9.6M · 1.06%
Active Concepts, LLC NC$9.5M · 0.38%
Flexgen Power Systems NC$9.3M · 0.46%
Ecr Technologies, LLC NC$9.1M · 0.12%
McMichael Mills, Inc. NC$9.1M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 873881297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.