Plan Ledger DOL Form 5500 · updated monthly

Ct Management, Inc.401(k)

CT MANAGEMENT, INC. RETIREMENT SAVINGS PLAN · CLAREMONT, NC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Ct Management, Inc. reported $148,049 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $673 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 0.29% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 385th-largest of 2,005 plans among North Carolina employers on file, and the 384th of 2,677 in transportation & warehousing. In 2024, employees put in $5.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,742,586
Participants with balances682
Active participants598
Employer contributions$402,207
Employee contributions$2,246,762
Employer contribution per active participant$673
Average account balance$71,470
Benefits paid to participants$3,874,923
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$48.7M · 682 accts · $402K emplr
2023$45.1M · 710 accts · $1.3M emplr
2022$36.8M · 648 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,376
Investment management$65,173
Audit (IQPA)$9,500
Total administrative$148,049
The Ct Management, Inc. 401(k) match · 2024
Employer contribution per active participant$673
Median for plans this size$2,416
2024$673 per active participant
2023$2,052 per active participant
2022$1,954 per active participant

Ct Management, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · Investment advisory (plan)$65,173
SMITH LEONARD PLLC · Accounting / audit$9,500

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$148,049 · 0.32%
2023$124,571 · 0.30%
2022$98,618 · 0.29%
Same employer
Similar plansTransportation & Warehousing · North Carolina
Rxo Corporate Solutions, LLC NC$263.1M · 0.15%
Haeco Americas NC$104.7M · 0.31%
Direct Chassislink, Inc. NC$44.2M · 0.03%
Epes Transport System, LLC NC$34.3M · 0.74%
Air T, Inc. NC$32.5M · 0.28%
Megacorp Logistics, LLC NC$30.0M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263310031 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.