Plan Ledger DOL Form 5500 · updated monthly

Carnow401(k)

CARNOW, INC. 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.30%

Carnow reported $10,961 in plan administrative expenses for 2024: 0.30% of average plan assets, below the peer median. 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 fell from 0.33% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in North Carolina (1,524th of 2,005), and 1,946th of 2,199 in information & media.

Plan summary
Net assets, end of year$4,304,200
Participants with balances141
Active participants145
Employer contributions—
Employee contributions$1,567,227
Employer contribution per active participant—
Average account balance$30,526
Benefits paid to participants$831,363
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLEY US
Plan history2
Yearassets · accounts · employer contribution
2024$4.3M · 141 accts
2023$2.9M · 146 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,473
Investment management$8,488
Total administrative$10,961
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 · 20243
SRPC, INC · Recordkeeping · Trustee$8,487
ADP, INC. · Loan processing · Recordkeeping$2,473
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, SRPC, INC
2023ADP

This plan has changed recordkeepers within these filings. If you left Carnow 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 history2
2024$10,961 · 0.30%
2023$6,727 · 0.33%
Same employer
Similar plansInformation & Media · North Carolina
Terra Dotta, LLC NC$5.6M · 0.08%
Jupiterone, Inc. NC$5.3M · 0.58%
Real Magic, Inc. NC$5.1M · 0.09%
Data Tech Systems, LLC NC$4.8M · 0.85%
Curtis Media Group, Inc. NC$4.3M · 0.02%
Ovuline, Inc. NC$4.1M · 0.07%
Payzer, LLC NC$2.2M · 0.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263273826 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.