Plan Ledger DOL Form 5500 · updated monthly

Carolina Quality, LLC401(k)

CAROLINA QUALITY, LLC 401(K) RETIREMENT PLAN · BARTLETT, TN · plan year 2023

Reported admin expense ratio · 2023
1.92%

Carolina Quality, LLC reported $29,017 in plan administrative expenses for 2023: 1.92% of average plan assets, higher than ~90% of peers. 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 has held roughly steady near 1.92%. 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 Tennessee (1,349th of 1,496), and 1,539th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$1,607,837
Participants with balances219
Active participants0
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$7,342
Benefits paid to participants$3,890
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$1.6M · 219 accts
2022$1.4M · 241 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,017
Total administrative$29,017
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 · 20231
JOHN HANCOCK USA · Recordkeeping$28,417

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024Not separately reported
2023$29,017 · 1.92%
2022$31,270 · 1.95%
Similar plansAccommodation & Food Services · Tennessee
Hattie Bs, LLC TN$1.8M · 0.53%
Wellengood Partners TN$1.6M · 1.63%
Darden Management, Inc. TN$1.6M · 0.15%
Loveless Cafe, LLC TN$1.3M · 0.22%
Corkys Bar-B-Que, LLC TN$1.0M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471604350 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.