Plan Ledger DOL Form 5500 · updated monthly

Carolina Qsc Management, LLC401(k)

CAROLINA QSC MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN · ARCHDALE, NC · plan year 2023

Reported admin expense ratio · 2023
1.40%

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

Carolina Qsc Management, LLC reported $26,491 in plan administrative expenses for 2023: 1.40% of average plan assets, higher than ~90% of peers. Employer contributions averaged $911 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 1 year on file its reported administrative ratio rose from 1.29% to 1.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in North Carolina (1,762nd of 2,005), and 1,408th of 2,240 in accommodation & food services. In 2023, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,137,153
Participants with balances86
Active participants110
Employer contributions$100,204
Employee contributions$178,939
Employer contribution per active participant$911
Average account balance$24,851
Benefits paid to participants$111,131
Plan auditUnmodified (clean) audit opinion
AuditorWENDLING NOE NELSON & JOHNSON LLC
Plan history2
Yearassets · accounts · employer contribution
2023$2.1M · 86 accts · $100K emplr
2022$1.7M · 118 accts · $92K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,910
Investment management$13,408
Trustee / custodial$1,173
Total administrative$26,491
The Carolina Qsc Management, LLC 401(k) match · 2023
Employer contribution per active participant$911
Median for plans this size$1,308
2023$911 per active participant
2022$922 per active participant

Carolina Qsc Management, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PENSERV PLAN SERVICES, INC. · Recordkeeping$11,910
EXPERT FINANCIAL SERVICES, LLC · Investment management$13,408

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

Administrative cost history2
2023$26,491 · 1.40%
2022$22,496 · 1.29%
Similar plansAccommodation & Food Services · North Carolina

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Source: U.S. Department of Labor, Form 5500 series, EIN 562000699 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.