Plan Ledger DOL Form 5500 · updated monthly

Carousel Industries of North America401(k)

CAROUSEL INDUSTRIES OF NORTH AMERICA, INC. 401(K) PLAN AND TRUST · EXETER, RI · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Carousel Industries of North America reported $239,838 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $2,164 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 fell from 0.15% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 26th-largest of 286 plans among Rhode Island employers on file, and the 822nd of 11,654 in professional & technical services. In 2024, employees put in $5.09 for every $1.00 the employer contributed; active participation has grown from 659 to 1,019 since 2022.

Plan summary
Net assets, end of year$194,283,631
Participants with balances1,640
Active participants1,019
Employer contributions$2,205,451
Employee contributions$11,235,981
Employer contribution per active participant$2,164
Average account balance$118,466
Benefits paid to participants$25,693,342
Plan auditUnmodified (clean) audit opinion
AuditorPFK O'CONNOR DAVIES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$194.3M · 1,640 accts · $2.2M emplr
2023$178.4M · 1,133 accts · $895K emplr
2022$96.1M · 991 accts · $746K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$118,834
Investment management$78,004
Audit (IQPA)$43,000
Total administrative$239,838
The Carousel Industries of North America 401(k) match · 2024
Employer contribution per active participant$2,164
Median for plans this size$3,635
2024$2,164 per active participant
2023$1,288 per active participant
2022$1,132 per active participant

Carousel Industries of North America'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 · 20244
USI ADVISORS INC · Investment advisory (plan)$78,004
PKF O'CONNOR DAVIES, LLP · Accounting / audit$43,000
USI CONSULTING GROUP · Consulting$17,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024$239,838 · 0.13%
2023$154,841 · 0.11%
2022$165,423 · 0.15%
Similar plansProfessional & Technical Services · Rhode Island
Igt RI$1.4B · 0.05%
Aaa Northeast RI$358.2M · 0.04%
Hinckley, Allen & Snyder LLP RI$177.6M · 0.05%
Seacorp, LLC RI$147.5M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061502254 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.