Plan Ledger DOL Form 5500 · updated monthly

Bald Head Island Limited, LLC401(k)

BALD HEAD ISLAND LIMITED, LLC 401(K) RETIREMENT SAVINGS PLAN · SOUTHPORT, NC · plan year 2023

Reported admin expense ratio · 2023
0.61%

Bald Head Island Limited, LLC reported $21,165 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. 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 1 year on file its reported administrative ratio rose from 0.54% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,598th of 2,005), and 4,343rd of 5,337 in construction.

Plan summary
Net assets, end of year$3,631,239
Participants with balances73
Active participants84
Employer contributions—
Employee contributions$192,234
Employer contribution per active participant—
Average account balance$49,743
Benefits paid to participants$367,202
Plan auditUnmodified (clean) audit opinion
AuditorPB MARES
Plan history2
Yearassets · accounts · employer contribution
2023$3.6M · 73 accts
2022$3.3M · 75 accts · $687 emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$7,240
Investment management$13,925
Total administrative$21,165
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$7,240
VERATIS INVESTMENT GROUP, INC. · Investment advisory (plan)$13,925

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

Administrative cost history2
2023$21,165 · 0.61%
2022$20,819 · 0.54%
Same employer
Similar plansConstruction · North Carolina
Riverwild, LLC NC$3.1M · 1.33%
Ths National, LLC NC$3.1M · 1.06%
Beco, Inc. NC$3.0M · 1.11%
Marand Builders, Inc. NC$2.9M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561370414 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.