Plan Ledger DOL Form 5500 · updated monthly

Creative Schools, Inc.401(k)

CREATIVE SCHOOLS, INC. 401(K) PLAN · RALIEGH, NC · plan year 2022

Reported admin expense ratio · 2022
1.19%

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

Creative Schools, Inc. reported $10,903 in plan administrative expenses for 2022: 1.19% of average plan assets, above the peer median. Employer contributions averaged $603 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,905th of 2,005), and 11,053rd of 11,911 in health care & social assistance. In 2022, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$824,762
Participants with balances84
Active participants84
Employer contributions$50,667
Employee contributions$68,059
Employer contribution per active participant$603
Average account balance$9,819
Benefits paid to participants$146,005
Plan auditUnmodified (clean) audit opinion
AuditorSTANCIL PC
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$10,903
Total administrative$10,903
The Creative Schools, Inc. 401(k) match · 2022
Employer contribution per active participant$603
Median for plans this size$331

Creative Schools, Inc.'s 2022 employer contribution ran above the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$10,903 · 1.19%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Smithfield Manor, Inc. NC$1.1M · 0.78%
Southlight Healthcare NC$1.0M · 0.83%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561469260 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.