Plan Ledger DOL Form 5500 · updated monthly

Cfsc Shared Services LLC401(k)

CFSC SHARED SERVICES, LLC 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Cfsc Shared Services LLC reported $66,639 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,356 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 0.62% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 835th-largest of 2,005 plans among North Carolina employers on file, and the 1,224th of 3,341 in other services. In 2024, employees put in $1.69 for every $1.00 the employer contributed; active participation has grown from 301 to 393 since 2022.

Plan summary
Net assets, end of year$16,196,428
Participants with balances653
Active participants393
Employer contributions$925,890
Employee contributions$1,568,037
Employer contribution per active participant$2,356
Average account balance$24,803
Benefits paid to participants$1,623,997
Plan auditUnmodified (clean) audit opinion
AuditorCLIFTON LARSON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 653 accts · $926K emplr
2023$13.3M · 615 accts · $799K emplr
2022$8.9M · 473 accts · $325K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,639
Total administrative$66,639
The Cfsc Shared Services LLC 401(k) match · 2024
Employer contribution per active participant$2,356
Median for plans this size$2,416
2024$2,356 per active participant
2023$2,013 per active participant
2022$1,080 per active participant

Cfsc Shared Services LLC's 2024 employer contribution ran below the $2,416 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 · 20241
STANDARD FINANCIAL GROUP · Claims processing · Recordkeeping$66,638

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

Recordkeeper by year2
2024STANDARD FINANCIAL GROUP
2023STANDARD FINANCIAL GROUP

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

Administrative cost history3
2024$66,639 · 0.45%
2023$65,032 · 0.59%
2022$60,214 · 0.62%
Same employer
Similar plansOther Services · North Carolina
Autobell Car Wash, Inc. NC$21.2M · 0.25%
Charlotte Christian School NC$16.8M · 0.00%
Credible Labs, Inc. NC$14.9M · 0.02%
Monarch NC$14.6M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263701552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.