Plan Ledger DOL Form 5500 · updated monthly

Charlotte Pipe and Foundry Company401(k)

CHARLOTTE PIPE AND FOUNDRY COMPANY 401(K) RETIREMENT SAVINGS PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Charlotte Pipe and Foundry Company reported $194,836 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $5,617 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 0.12% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 93rd-largest of 2,005 plans among North Carolina employers on file, and the 888th of 13,661 in manufacturing. In 2024, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$284,481,677
Participants with balances2,065
Active participants1,819
Employer contributions$10,217,344
Employee contributions$13,986,792
Employer contribution per active participant$5,617
Average account balance$137,764
Benefits paid to participants$28,245,173
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$284.5M · 2,065 accts · $10.2M emplr
2023$257.9M · 1,995 accts · $9.6M emplr
2022$213.8M · 1,931 accts · $8.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$194,836
Total administrative$194,836
The Charlotte Pipe and Foundry Company 401(k) match · 2024
Employer contribution per active participant$5,617
Median for plans this size$4,294
2024$5,617 per active participant
2023$5,384 per active participant
2022$5,063 per active participant

Charlotte Pipe and Foundry Company's 2024 employer contribution ran above the $4,294 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$194,835

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$194,836 · 0.07%
2023$173,517 · 0.07%
2022$271,535 · 0.12%
Same employer
Similar plansManufacturing · North Carolina
Clariant Corporation NC$329.9M · 0.08%
Kontoor Brands, Inc. NC$290.7M · 0.10%
Morganite Industries Inc. NC$289.8M · 0.18%
Spx Flow, Inc. NC$273.0M · 0.03%
Extreme Networks, Inc. NC$272.2M · 0.04%
Alpek Polyester USA, LLC NC$256.2M · 0.14%
Trane U.S. Inc. NC$248.4M

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Source: U.S. Department of Labor, Form 5500 series, EIN 560174030 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.