Plan Ledger DOL Form 5500 · updated monthly

Asheville Christian Academy401(k)

ASHEVILLE CHRISTIAN ACADEMY 401(K) PLAN · SWANNANOA, NC · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Asheville Christian Academy reported $44,654 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $2,622 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in North Carolina (1,389th of 2,005), and 2,448th of 3,091 in educational services. In 2024, employees put in $1.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,754,196
Participants with balances130
Active participants110
Employer contributions$288,433
Employee contributions$293,636
Employer contribution per active participant$2,622
Average account balance$44,263
Benefits paid to participants$560,326
Plan auditUnmodified (clean) audit opinion
AuditorPRAGER METIS CPAS, PLLC
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,654
Total administrative$44,654
The Asheville Christian Academy 401(k) match · 2024
Employer contribution per active participant$2,622
Median for plans this size$1,313

Asheville Christian Academy's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$44,654

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

Administrative cost history1
2024$44,654 · 0.82%
Same employer
Similar plansEducational Services · North Carolina
Davidson Day School NC$6.6M · 0.58%
Union Academy NC$6.4M · 0.02%
The Fletcher School NC$5.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560889168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.