Plan Ledger DOL Form 5500 · updated monthly

Carolina Dealerships Inc.401(k)

CAROLINA DEALERSHIPS, INC. 401(K) PLAN · WINSTON SALEM, NC · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Carolina Dealerships Inc. reported $770,783 in plan administrative expenses for 2024: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,626 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 0.43% to 0.73%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 182nd-largest of 2,005 plans among North Carolina employers on file, and the 340th of 5,215 in retail trade. In 2024, the employer put in $3.32 for every $1.00 employees contributed themselves; active participation has grown from 2,263 to 2,816 since 2022.

Plan summary
Net assets, end of year$112,244,086
Participants with balances2,866
Active participants2,816
Employer contributions$10,211,445
Employee contributions$3,072,044
Employer contribution per active participant$3,626
Average account balance$39,164
Benefits paid to participants$12,312,755
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$112.2M · 2,866 accts · $10.2M emplr
2023$98.2M · 2,455 accts · $2.9M emplr
2022$82.6M · 2,198 accts · $2.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$770,783
Total administrative$770,783
The Carolina Dealerships Inc. 401(k) match · 2024
Employer contribution per active participant$3,626
Median for plans this size$3,635
2024$3,626 per active participant
2023$1,149 per active participant
2022$1,038 per active participant

Carolina Dealerships Inc.'s 2024 employer contribution ran below the $3,635 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 · 20246
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$286,031
NOVA 401(K) ASSOCIATES LP · Recordkeeping · Loan processing$152,507
ADMINISTRATIVE FIDUCIARY SERVICES · Named fiduciary$133,975
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$115,479
LINCOLN NATIONAL CORPORATION · Contract administrator$37,153
FORVIS LLC · Accounting / audit$18,900

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

Recordkeeper by year2
2024NOVA 401(K) ASSOCIATES LP, Transamerica
2023NOVA 401(K) ASSOCIATES LP, Transamerica

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

Administrative cost history3
2024$770,783 · 0.73%
2023$437,294 · 0.48%
2022$372,670 · 0.43%
Same employer
Similar plansRetail Trade · North Carolina
Ingles Markets, Incorporated NC$196.8M · 0.13%
Weisiger Group Inc NC$166.9M · 0.20%
Leith, Inc. NC$146.2M · 0.02%
Rack Room Shoes, Inc. NC$80.7M · 0.27%
Driven Brands Inc. NC$79.9M · 0.34%
The Fresh Market, Inc. NC$78.8M · 0.47%
Cato Corporation NC$72.9M · 0.07%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 200465434 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.