Plan Ledger DOL Form 5500 · updated monthly

Carmel Country Club, Inc.401(k)

CARMEL COUNTRY CLUB INC 401(K)PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Carmel Country Club, Inc. reported $25,830 in plan administrative expenses for 2024: 0.31% of average plan assets, below the peer median. Employer contributions averaged $1,637 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 0.23% to 0.31%. 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 (1,187th of 2,005), and the 623rd of 2,240 in accommodation & food services. In 2024, employees put in $2.01 for every $1.00 the employer contributed; active participation has grown from 134 to 184 since 2022.

Plan summary
Net assets, end of year$8,874,301
Participants with balances233
Active participants184
Employer contributions$301,177
Employee contributions$604,890
Employer contribution per active participant$1,637
Average account balance$38,087
Benefits paid to participants$828,056
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 233 accts · $301K emplr
2023$7.8M · 198 accts · $260K emplr
2022$7.4M · 182 accts · $235K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,546
Investment management$22,284
Total administrative$25,830
The Carmel Country Club, Inc. 401(k) match · 2024
Employer contribution per active participant$1,637
Median for plans this size$1,313
2024$1,637 per active participant
2023$1,626 per active participant
2022$1,751 per active participant

Carmel Country Club, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size. 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 · 20241
ALERUS RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$25,831

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$25,830 · 0.31%
2023$24,588 · 0.32%
2022$20,187 · 0.23%
Same employer
Similar plansAccommodation & Food Services · North Carolina
Biscuitville, Inc. NC$13.9M · 0.49%
Hospitality Ventures, LLC NC$12.0M · 0.09%
Lwin Family Co., LLC NC$8.9M · 0.32%
Sree Hotels, LLC NC$8.8M · 0.86%
Wdi Hospitality LLC NC$7.5M · 1.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560507966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.