Plan Ledger DOL Form 5500 · updated monthly

Banc Card of America, Inc401(k)

BANC CARD OF AMERICA, INC. PROFIT SHARING PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Banc Card of America, Inc reported $76,112 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,019 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 0.74% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 615th-largest of 1,496 plans among Tennessee employers on file, and 6,088th of 11,654 in professional & technical services. In 2024, employees put in $1.27 for every $1.00 the employer contributed; active participation has grown from 157 to 182 since 2022.

Plan summary
Net assets, end of year$17,194,936
Participants with balances215
Active participants182
Employer contributions$1,095,533
Employee contributions$1,391,900
Employer contribution per active participant$6,019
Average account balance$79,976
Benefits paid to participants$404,650
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.2M · 215 accts · $1.1M emplr
2023$13.0M · 187 accts · $986K emplr
2022$9.2M · 180 accts · $812K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,570
Investment management$36,542
Total administrative$76,112
The Banc Card of America, Inc 401(k) match · 2024
Employer contribution per active participant$6,019
Median for plans this size$2,416
2024$6,019 per active participant
2023$5,478 per active participant
2022$5,174 per active participant

Banc Card of America, Inc's 2024 employer contribution ran above the $2,416 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 · 20242
JOHN HANCOCK USA · Recordkeeping · Investment management$500
NORTHWESTERN MUTUAL WEALTH · Investment advisory (participants)$36,542

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$76,112 · 0.50%
2023$53,552 · 0.48%
2022$68,380 · 0.74%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Inova Payroll, Inc. TN$18.5M · 0.72%
Perfectserve, Inc. TN$18.4M · 0.49%
Allen & Hoshall, Inc. TN$16.2M · 0.24%
Vehlo Purchaser, LLC TN$16.1M · 0.69%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 621830337 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.