Plan Ledger DOL Form 5500 · updated monthly

Blue Ridge Companies, Inc.401(k)

BLUE RIDGE COMPANIES 401(K) PLAN · HIGH POINT, NC · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Blue Ridge Companies, Inc. reported $34,802 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $1,201 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 3 years on file its reported administrative ratio has held roughly steady near 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 963rd-largest of 2,005 plans among North Carolina employers on file, and 2,680th of 5,337 in construction. In 2024, employees put in $2.92 for every $1.00 the employer contributed; active participation has grown from 275 to 308 since 2022.

Plan summary
Net assets, end of year$13,033,503
Participants with balances369
Active participants308
Employer contributions$369,927
Employee contributions$1,081,763
Employer contribution per active participant$1,201
Average account balance$35,321
Benefits paid to participants$1,975,673
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON AND COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 369 accts · $370K emplr
2023$11.6M · 374 accts · $313K emplr
2022$9.9M · 318 accts · $286K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,866
Investment management$11,000
Trustee / custodial$4,936
Total administrative$34,802
The Blue Ridge Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,201
Median for plans this size$2,416
2024$1,201 per active participant
2023$993 per active participant
2022$1,041 per active participant

Blue Ridge Companies, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MVP PLAN ADMINISTRATORS, INC · Contract administrator · Recordkeeping$18,866
SECURITIES AMERICA ADVISORS, INC · Investment advisory (participants) · Investment advisory (plan)$11,000

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

Recordkeeper by year2
2024MVP PLAN ADMINISTRATORS, INC
2023MVP PLAN ADMINISTRATORS, INC

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

Administrative cost history3
2024$34,802 · 0.28%
2023$29,117 · 0.27%
2022$30,999 · 0.29%
Same employer
Similar plansConstruction · North Carolina
Barringer Construction NC$14.0M · 0.59%
Spc Mechanical Corporation NC$13.7M · 0.57%
Trc Acquisition, LLC NC$13.4M · 0.49%
Blythe Development Co NC$12.9M · 0.06%
Dellinger, Inc. NC$12.8M · 0.21%
Seegars Fence Company, Inc. NC$12.3M · 0.83%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 561985776 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.