Asheville Transit Management, LLCMoney purchase plan
ASHEVILLE TRANSIT EMPLOYEES MONEY PURCHASE PENSION PLAN · ASHEVILLE, NC · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Asheville Transit Management, LLC reported $64,173 in plan administrative expenses for 2023: 2.47% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,033 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 4 years on file its reported administrative ratio rose from 1.69% to 2.47%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in North Carolina (1,667th of 2,005), and 1,960th of 2,677 in transportation & warehousing. In 2023, employees put in $1.03 for every $1.00 the employer contributed; active participation has grown from 69 to 80 since 2019.
Asheville Transit Management, LLC's 2023 employer contribution ran above the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 822344007 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.