Plan Ledger DOL Form 5500 · updated monthly

Caviness & Cates Building And401(k)

CAVINESS & CATES BUILDING AND DEVELOPMENT 401(K) · FAYETTEVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Caviness & Cates Building And reported $4,182 in plan administrative expenses for 2024: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,796 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 rose from 0.07% to 0.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,437th of 2,005), and 3,924th of 5,337 in construction. In 2024, employees put in $2.91 for every $1.00 the employer contributed; active participation has shrunk from 168 to 134 since 2022.

Plan summary
Net assets, end of year$5,298,734
Participants with balances114
Active participants134
Employer contributions$240,633
Employee contributions$699,301
Employer contribution per active participant$1,796
Average account balance$46,480
Benefits paid to participants$370,375
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 114 accts · $241K emplr
2023$4.2M · 139 accts · $258K emplr
2022$2.9M · 139 accts · $257K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,125
Investment management$557
Total administrative$4,182
The Caviness & Cates Building And 401(k) match · 2024
Employer contribution per active participant$1,796
Median for plans this size$1,313
2024$1,796 per active participant
2023$1,757 per active participant
2022$1,532 per active participant

Caviness & Cates Building And's 2024 employer contribution ran above the $1,313 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 · 20243
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$3,538
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$643
MORNINGSTAR · Investment advisory (plan)indirect 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$4,182 · 0.09%
2023$1,959 · 0.06%
2022$1,962 · 0.07%
Same employer
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Ascendtek, LLC NC$5.3M · 0.83%
Baker Roofing Company NC$5.0M · 0.81%
Fountain Services, LLC NC$4.9M · 0.03%
River City Construction NC$4.8M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562119964 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.