Plan Ledger DOL Form 5500 · updated monthly

Conterra Ultra Broadband, LLC401(k)

CONTERRA ULTRA BROADBAND, LLC 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Conterra Ultra Broadband, LLC reported $74,654 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $3,147 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 0.30% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 670th-largest of 2,005 plans among North Carolina employers on file, and the 936th of 2,199 in information & media. In 2024, employees put in $1.98 for every $1.00 the employer contributed; active participation has shrunk from 356 to 318 since 2022.

Plan summary
Net assets, end of year$23,099,669
Participants with balances351
Active participants318
Employer contributions$1,000,653
Employee contributions$1,982,647
Employer contribution per active participant$3,147
Average account balance$65,811
Benefits paid to participants$2,413,303
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.1M · 351 accts · $1.0M emplr
2023$20.3M · 347 accts · $1.0M emplr
2022$16.3M · 317 accts · $874K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,348
Investment management$60,306
Total administrative$74,654
The Conterra Ultra Broadband, LLC 401(k) match · 2024
Employer contribution per active participant$3,147
Median for plans this size$2,416
2024$3,147 per active participant
2023$2,834 per active participant
2022$2,456 per active participant

Conterra Ultra Broadband, LLC's 2024 employer contribution ran above 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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$60,306
ADP, INC. · Loan processing · Recordkeeping$14,348
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill, GREER & WALKER, LLP

This plan has changed recordkeepers within these filings. If you left Conterra Ultra Broadband, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$74,654 · 0.34%
2023$71,129 · 0.39%
2022$50,554 · 0.30%
Same employer
Similar plansInformation & Media · North Carolina
Ascom US, Inc. NC$25.8M · 0.40%
Telit Iot Solutions, Inc. NC$25.1M · 0.02%
Technology Partners, LLC NC$16.2M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582615152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.