Cardinal Financial Company, Limited Partnership401(k)
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 401(K) RETIREMENT PLAN · CHARLOTTE, NC · plan year 2023
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Cardinal Financial Company, Limited Partnership reported $450,456 in plan administrative expenses for 2023: 0.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,119 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 0.48% to 0.52%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other finance & insurance employers. By assets it is the 209th-largest of 2,005 plans among North Carolina employers on file, and the 1,024th of 4,798 in finance & insurance. In 2023, employees put in $5.88 for every $1.00 the employer contributed; active participation has shrunk from 2,590 to 1,753 since 2022.
Cardinal Financial Company, Limited Partnership's 2023 employer contribution ran below the $3,659 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 232470039 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.