Plan Ledger DOL Form 5500 · updated monthly

David Allen Company, Inc.401(k)

DAVID ALLEN COMPANY, INC. 401K PROFIT SHARING PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

David Allen Company, Inc. reported $42,793 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $825 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 0.47% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,027th of 2,005), and 2,896th of 5,337 in construction. In 2024, employees put in $5.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,487,557
Participants with balances208
Active participants184
Employer contributions$151,867
Employee contributions$849,051
Employer contribution per active participant$825
Average account balance$55,229
Benefits paid to participants$931,310
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS OVERMAN PIERCE, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 208 accts · $152K emplr
2023$10.0M · 214 accts · $139K emplr
2022$8.5M · 233 accts · $141K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,599
Investment management$29,070
Audit (IQPA)$6,581
Total administrative$42,793
The David Allen Company, Inc. 401(k) match · 2024
Employer contribution per active participant$825
Median for plans this size$2,416
2024$825 per active participant
2023$797 per active participant
2022$770 per active participant

David Allen Company, 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 · 20245
EMPOWER ADVISORY GROUP, LLC · Investment management$21,070
LEVEL FOUR ADVISORY SERVICES, LLC · Investment advisory (plan)$8,000
BLUE RIDGE ESOP ASSOCIATES · Contract administratorindirect comp
LEAFHOUSE FINANCIAL ADVISORS, LLCindirect comp

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$42,793 · 0.40%
2023$54,774 · 0.59%
2022$43,325 · 0.47%
All plans at this employer2
DAVID ALLEN COMPANY, INC. 401K PROFIT SHARING PLAN401(k)
DAVID ALLEN COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansConstruction · North Carolina
Griffin Masonry, Inc. NC$12.0M · 0.11%
Sanford Contractors, Inc. NC$11.5M · 0.60%
Fhg, Inc. NC$11.0M · 0.05%
Sears Contract, Inc. NC$10.8M · 0.32%
Micron Precision, LLC NC$10.5M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 560889788 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.