Plan Ledger DOL Form 5500 · updated monthly

Cpi Security Systems, Inc.401(k)

CPI SECURITY SYSTEMS, INC. 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Cpi Security Systems, Inc. reported $168,051 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,567 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 0.52% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 441st-largest of 2,005 plans among North Carolina employers on file, and the 361st of 2,534 in administrative & support services. In 2024, employees put in $2.57 for every $1.00 the employer contributed; active participation has grown from 633 to 736 since 2022.

Plan summary
Net assets, end of year$40,677,513
Participants with balances748
Active participants736
Employer contributions$1,153,056
Employee contributions$2,966,627
Employer contribution per active participant$1,567
Average account balance$54,382
Benefits paid to participants$3,499,368
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$40.7M · 748 accts · $1.2M emplr
2023$35.0M · 741 accts · $1.1M emplr
2022$28.7M · 762 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$98,337
Investment management$69,714
Total administrative$168,051
The Cpi Security Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$1,567
Median for plans this size$2,416
2024$1,567 per active participant
2023$1,890 per active participant
2022$1,716 per active participant

Cpi Security Systems, Inc.'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$98,337
WELLS FARGO CLEARING SERVICES LLC · Investment advisory (plan)$69,714

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$168,051 · 0.44%
2023$150,185 · 0.47%
2022$164,737 · 0.52%
Same employer
Similar plansAdministrative & Support Services · North Carolina
Tss Corporate Services, LLC NC$218.4M · 0.33%
ENGAGE2EXCEL Inc. NC$51.7M · 0.05%
Research Square Aje, LLC NC$19.4M · 0.02%
Intelerad LTD NC$16.9M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561756569 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.