Plan Ledger DOL Form 5500 · updated monthly

Carolina Family Health Centers, Inc.401(k)

CAROLINA FAMILY HEALTH CENTERS, INC. 401K PLAN · WILSON, NC · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Carolina Family Health Centers, Inc. reported $109,300 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,920 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 3 years on file its reported administrative ratio has held roughly steady near 0.87%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 935th-largest of 2,005 plans among North Carolina employers on file, and the 4,731st of 11,911 in health care & social assistance. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 239 to 265 since 2022.

Plan summary
Net assets, end of year$13,798,331
Participants with balances261
Active participants265
Employer contributions$508,698
Employee contributions$917,844
Employer contribution per active participant$1,920
Average account balance$52,867
Benefits paid to participants$484,922
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 261 accts · $509K emplr
2023$11.4M · 263 accts · $485K emplr
2022$9.0M · 259 accts · $371K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$75,618
Investment management$33,682
Total administrative$109,300
The Carolina Family Health Centers, Inc. 401(k) match · 2024
Employer contribution per active participant$1,920
Median for plans this size$2,416
2024$1,920 per active participant
2023$1,795 per active participant
2022$1,553 per active participant

Carolina Family Health Centers, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$74,628
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$33,682

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$109,300 · 0.87%
2023$92,413 · 0.90%
2022$86,508 · 0.89%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Wilmington Eye, P.A. NC$15.0M · 0.55%
Alexander Youth Network NC$14.7M · 0.74%
Ashe Memorial Hospital NC$13.8M · 0.62%
Southminster, Inc. NC$13.3M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582079819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.