Plan Ledger DOL Form 5500 · updated monthly

Corestates, Inc.401(k)

CORESTATES, INC. RETIREMENT SAVINGS PLAN · DULUTH, GA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Corestates, Inc. reported $129,547 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $3,980 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 0.46% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 573rd-largest of 2,160 plans among Georgia employers on file, and the 3,491st of 11,654 in professional & technical services. In 2024, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 350 to 412 since 2022.

Plan summary
Net assets, end of year$37,374,426
Participants with balances540
Active participants412
Employer contributions$1,639,558
Employee contributions$3,162,583
Employer contribution per active participant$3,980
Average account balance$69,212
Benefits paid to participants$6,226,014
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.4M · 540 accts · $1.6M emplr
2023$22.5M · 369 accts · $1.1M emplr
2022$18.8M · 371 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,050
Investment management$35,879
Total administrative$129,547
The Corestates, Inc. 401(k) match · 2024
Employer contribution per active participant$3,980
Median for plans this size$2,416
2024$3,980 per active participant
2023$2,644 per active participant
2022$3,022 per active participant

Corestates, Inc.'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 · Pension consulting · Investment advisory (plan)$68,497
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$48,415
N.A. FALCONE & ASSOCIATES, INC. · Contract administrator · Other services$12,635

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$129,547 · 0.43%
2023$96,331 · 0.47%
2022$89,737 · 0.46%
Same employer
Similar plansProfessional & Technical Services · Georgia
Matrix Resources, LLC GA$39.5M · 0.12%
Pic Group, Inc. GA$38.2M · 0.32%
Graphics-Atlanta, LLC GA$37.3M · 0.08%
Secretariat Advisors LLC GA$36.5M · 0.36%
Stibo Systems, Inc. GA$36.3M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 582484016 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.