Plan Ledger DOL Form 5500 · updated monthly

Childrens Health of Carolina, PA401(k)

CHILDREN'S HEALTH OF CAROLINA P.A. 401(K) PROFIT SHARING PLAN · LUMBERTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Childrens Health of Carolina, PA reported $56,442 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,217 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 3 years on file its reported administrative ratio has held roughly steady near 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 996th-largest of 2,005 plans among North Carolina employers on file, and the 5,069th of 11,911 in health care & social assistance. In 2024, the employer put in $1.00 for every $1.00 employees contributed themselves; active participation has grown from 114 to 143 since 2022.

Plan summary
Net assets, end of year$12,320,281
Participants with balances172
Active participants143
Employer contributions$317,050
Employee contributions$317,037
Employer contribution per active participant$2,217
Average account balance$71,630
Benefits paid to participants$354,981
Plan auditUnmodified (clean) audit opinion
AuditorSTANCIL PC
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 172 accts · $317K emplr
2023$10.8M · 171 accts · $272K emplr
2022$10.4M · 132 accts · $279K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,459
Investment management$43,416
Trustee / custodial$5,567
Total administrative$56,442
The Childrens Health of Carolina, PA 401(k) match · 2024
Employer contribution per active participant$2,217
Median for plans this size$2,416
2024$2,217 per active participant
2023$2,032 per active participant
2022$2,447 per active participant

Childrens Health of Carolina, PA'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 · 20243
MVP PLAN ADMINISTRATORS, INC. · Contract administrator · Recordkeeping$745
BEACON POINTE INVESTMENT ADVISORY · Investment advisory (participants) · Investment advisory (plan)$43,416
CHARLES SCHWAB BANK · Custodial (securities) · Loan processing$5,567

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

Recordkeeper by year2
2024MVP PLAN ADMINISTRATORS, INC.
2023MVP PLAN ADMINISTRATORS, INC.

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

Administrative cost history3
2024$56,442 · 0.49%
2023$50,788 · 0.48%
2022$52,157 · 0.47%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Sandhills Pediatrics, Inc. NC$12.4M · 0.01%
Methodist Home for Children NC$12.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561133868 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.