Plan Ledger DOL Form 5500 · updated monthly

Carolina Community Actions, Inc.DC plan

CAROLINA COMMUNITY ACTIONS 403(B) PLAN · ROCK HILL, SC · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Carolina Community Actions, Inc. reported $24,381 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $2,434 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 fell from 0.50% to 0.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Carolina (526th of 807), and 7,111th of 11,911 in health care & social assistance. In 2024, the employer put in $2.08 for every $1.00 employees contributed themselves; active participation has grown from 117 to 140 since 2022.

Plan summary
Net assets, end of year$6,478,213
Participants with balances138
Active participants140
Employer contributions$340,737
Employee contributions$163,676
Employer contribution per active participant$2,434
Average account balance$46,944
Benefits paid to participants$564,952
Plan auditUnmodified (clean) audit opinion
AuditorBURKETT BURKETT & BURKETT CPAS PA
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 138 accts · $341K emplr
2023$6.0M · 140 accts · $345K emplr
2022$6.3M · 208 accts · $330K emplr
Employer contributions to the Carolina Community Actions, Inc. plan · 2024
Employer contribution per active participant$2,434
Median for plans this size$1,313
2024$2,434 per active participant
2023$3,057 per active participant
2022$2,818 per active participant

Carolina Community Actions, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20245
MUTUAL OF AMERICA SEC CORP LLC · Recordkeeping · Loan processing$22,896
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processingindirect comp
EDWARD JONES · Investment advisory (plan)indirect comp
WILSHIRE ASSOCIATES INC · Named fiduciaryindirect comp
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect 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
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$24,381 · 0.39%
2023$28,269 · 0.46%
2022$32,701 · 0.50%
Same employer
Similar plansHealth Care & Social Assistance · South Carolina
Berkeley Citizens, Inc SC$7.1M · 0.57%
Anmed Health Plan, Inc. SC$7.1M · 0.09%
Liberty Doctors, LLC SC$5.9M · 0.21%
Sweetgrass Pediatrics SC$4.7M · 0.89%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570475466 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.