Plan Ledger DOL Form 5500 · updated monthly

Carolina Svcs of Fayetteville401(k)

CAROLINA SVCS OF FAYETTEVILLE EMPLOYEE PSP · FAYETTEVILLE, NC · plan year 2023

Reported admin expense ratio · 2023
1.44%

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

Carolina Svcs of Fayetteville reported $37,352 in plan administrative expenses for 2023: 1.44% of average plan assets, higher than ~90% of peers. Employer contributions averaged $117 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 fell from 1.44% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in North Carolina (1,693rd of 2,005), and 1,982nd of 2,677 in transportation & warehousing. In 2023, employees put in $20.67 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,736,224
Participants with balances123
Active participants107
Employer contributions$12,552
Employee contributions$259,418
Employer contribution per active participant$117
Average account balance$22,246
Benefits paid to participants$248,104
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$2.5M · 124 accts · $16K emplr
2023$2.7M · 123 accts · $13K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,649
Investment management$10,013
Total administrative$37,352
The Carolina Svcs of Fayetteville 401(k) match · 2023
Employer contribution per active participant$117
Median for plans this size$1,308
2024$162 per active participant
2023$117 per active participant

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

Service providers · 20234
ASCENSUS LLC · Loan processing · Recordkeeping$15,649
FORVIS LLP · Accounting / audit$11,690
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$8,995
NEXTCAPITAL GROUP, INC. · Investment advisory (plan)$1,018

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, Newport (Ascensus)
2023Ascensus

This plan has changed recordkeepers within these filings. If you left Carolina Svcs of Fayetteville before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$18,150 · 0.69%
2023$37,352 · 1.44%
All plans at this employer2
CAROLINA SERVICES OF FAYETTEVILLE, INC.EMPLOYEE SAVINGS AND PSP401(k)
CAROLINA SVCS OF FAYETTEVILLE EMPLOYEE PSP401(k)
Similar plansTransportation & Warehousing · North Carolina
L.J. Rogers, Inc. NC$3.0M · 1.05%
Murrow's Transfer, Inc. NC$2.9M · 0.84%
Hardy Brothers, Inc. NC$2.6M · 0.07%
Swing Transport Inc NC$1.9M · 0.14%
W.L.A., Inc. NC$1.7M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560890421 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.