Plan Ledger DOL Form 5500 · updated monthly

Bullard Enterprises LLC401(k)

BULLARD ENTERPRISES 401(K) PROFIT SHARING PLAN & TRUST · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.85%

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

Bullard Enterprises LLC reported $40,872 in plan administrative expenses for 2024: 0.85% of average plan assets, higher than ~75% of peers. Employer contributions averaged $496 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 rose from 0.80% to 0.85%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in North Carolina (1,441st of 2,005), and the 856th of 2,240 in accommodation & food services. In 2024, employees put in $1.63 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,263,754
Participants with balances196
Active participants447
Employer contributions$221,802
Employee contributions$361,867
Employer contribution per active participant$496
Average account balance$26,856
Benefits paid to participants$97,131
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 196 accts · $222K emplr
2023$4.4M · 180 accts · $212K emplr
2022$5.3M · 173 accts · $183K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,482
Investment management$24,530
Trustee / custodial$860
Total administrative$40,872
The Bullard Enterprises LLC 401(k) match · 2024
Employer contribution per active participant$496
Median for plans this size$1,313
2024$496 per active participant
2023$479 per active participant
2022$447 per active participant

Bullard Enterprises LLC's 2024 employer contribution ran below the $1,313 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
PAYCHEX, INC. · Recordkeeping$15,473
TAGSTONE CAPITAL, INC. · Investment advisory (participants)$24,530

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

Recordkeeper by year2
2024Paychex
2023Paychex, TAGSTONE CAPITAL, INC.

This plan has changed recordkeepers within these filings. If you left Bullard Enterprises LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$40,872 · 0.85%
2023$42,795 · 0.89%
2022$44,889 · 0.80%
Similar plansAccommodation & Food Services · North Carolina
Wdi Hospitality LLC NC$7.5M · 1.12%
McAndersons Inc. NC$5.6M · 0.26%
Winston Hospitality, Inc. NC$4.4M · 0.42%
Phoenix Taco LLC NC$4.1M · 1.66%
Rust Enterprises, Inc. NC$4.1M · 0.76%
Plaza Associates, Inc. NC$3.9M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561269091 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.