Plan Ledger DOL Form 5500 · updated monthly

Alpek Polyester USA, LLC401(k)

DAK AMERICAS LLC SAVINGS AND INVESTMENT PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Alpek Polyester USA, LLC reported $342,523 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $6,429 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 3 years on file its reported administrative ratio has held roughly steady near 0.138%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 101st-largest of 2,005 plans among North Carolina employers on file, and the 974th of 13,661 in manufacturing. In 2024, the employer put in $1.07 for every $1.00 employees contributed themselves; active participation has shrunk from 1,431 to 1,217 since 2022.

Plan summary
Net assets, end of year$256,167,859
Participants with balances1,616
Active participants1,217
Employer contributions$7,823,989
Employee contributions$7,291,809
Employer contribution per active participant$6,429
Average account balance$158,520
Benefits paid to participants$36,727,232
Plan auditUnmodified (clean) audit opinion
AuditorLONG CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$256.2M · 1,616 accts · $7.8M emplr
2023$239.1M · 1,687 accts · $8.8M emplr
2022$207.1M · 1,789 accts · $9.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$244,549
Investment management$97,974
Total administrative$342,523
The Alpek Polyester USA, LLC 401(k) match · 2024
Employer contribution per active participant$6,429
Median for plans this size$3,635
2024$6,429 per active participant
2023$6,363 per active participant
2022$6,451 per active participant

Alpek Polyester USA, LLC's 2024 employer contribution ran above the $3,635 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$242,776
KESTRA ADVISORY SERVICES, LLC · Investment advisory (plan)$97,974

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$342,523 · 0.14%
2023$361,272 · 0.16%
2022$316,596 · 0.14%
Same employer
Similar plansManufacturing · North Carolina
Morganite Industries Inc. NC$289.8M · 0.18%
Spx Flow, Inc. NC$273.0M · 0.03%
Extreme Networks, Inc. NC$272.2M · 0.04%
Trane U.S. Inc. NC$248.4M
Elevate Textiles, Inc. NC$231.8M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522343187 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.