Plan Ledger DOL Form 5500 · updated monthly

Carolina Cotton Works Inc.401(k)

CAROLINA COTTON WORKS 401K PLAN · GAFFNEY, SC · plan year 2022

Reported admin expense ratio · 2022
0.21%

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

Carolina Cotton Works Inc. reported $5,350 in plan administrative expenses for 2022: 0.21% of average plan assets, below the peer median. Employer contributions averaged $460 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in South Carolina (684th of 807), and 12,669th of 13,661 in manufacturing. In 2022, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,319,879
Participants with balances65
Active participants132
Employer contributions$60,750
Employee contributions$156,941
Employer contribution per active participant$460
Average account balance$35,690
Benefits paid to participants$173,120
Plan auditUnmodified (clean) audit opinion
AuditorBAUKNIGHT, PIETRAS & STORMER, P.A.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$5,350
Total administrative$5,350
The Carolina Cotton Works Inc. 401(k) match · 2022
Employer contribution per active participant$460
Median for plans this size$1,114

Carolina Cotton Works Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$5,350 · 0.21%
Same employer
Similar plansManufacturing · South Carolina
Anchor Sign, Inc. SC$2.5M · 0.48%
Sun Fiber, LLC SC$2.4M · 2.25%
Three-D Metal Works, Inc. SC$2.3M · 0.24%
Owen Brothers, Inc. SC$2.2M · 2.63%
The Marwin Company, Inc. SC$2.1M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 571003610 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.