Plan Ledger DOL Form 5500 · updated monthly

Beaver Sports Properties, Inc.401(k)

BEAVER SPORTS 401(K) PLAN · CLAREMONT, NC · plan year 2023

Reported admin expense ratio · 2023
0.86%

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

Beaver Sports Properties, Inc. reported $76,008 in plan administrative expenses for 2023: 0.86% of average plan assets, higher than ~75% of peers. Employer contributions averaged $70 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 1 year on file its reported administrative ratio rose from 0.86% to 1.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,155th of 2,005), and 8,217th of 11,654 in professional & technical services. In 2023, employees put in $6.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,301,086
Participants with balances284
Active participants1,096
Employer contributions$76,661
Employee contributions$465,863
Employer contribution per active participant$70
Average account balance$32,750
Benefits paid to participants$970,900
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON, HOLLAND, WHITESELL & CO
Plan history2
Yearassets · accounts · employer contribution
2024$8.2M · 216 accts · $39K emplr
2023$9.3M · 284 accts · $77K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$76,008
Total administrative$76,008
The Beaver Sports Properties, Inc. 401(k) match · 2023
Employer contribution per active participant$70
Median for plans this size$1,308
2024$18 per active participant
2023$70 per active participant

Beaver Sports Properties, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$23,662
COMPASS 360, LLC · Recordkeeping$20,424
ASCENSUS LLC · Recordkeeping · Loan processingindirect comp
MMA SECURITIES, LLC · Investment advisory (plan)$21,021
DAVID, HOLLAND,WHITSELL AND CO PLLC$10,900

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

Recordkeeper by year2
2024Ascensus, COMPASS 360, LLC, Vanguard
2023Ascensus, COMPASS 360, LLC, Vanguard

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

Administrative cost history2
2024$116,308 · 1.33%
2023$76,008 · 0.86%
Similar plansProfessional & Technical Services · North Carolina
Hutchens Law Firm, LLP NC$10.1M · 0.45%
Cloud for Good, LLC NC$9.8M · 0.58%
Epsilon, Inc. NC$9.7M · 0.68%
Drake Enterprises, LTD NC$9.5M · 0.48%
Bridgetower Opco LLC NC$9.1M · 0.98%
Netsertive, Inc. NC$9.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561937608 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.