Plan Ledger DOL Form 5500 · updated monthly

Daymark Recovery Services, Inc.403(b)

DAYMARK 401(K) PLAN · SALISBURY, NC · plan year 2024

Reported admin expense ratio · 2024
0.78%

Daymark Recovery Services, Inc. reported $154,606 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. 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 0.87% to 0.78%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 701st-largest of 2,005 plans among North Carolina employers on file, and the 3,516th of 11,911 in health care & social assistance. active participation has grown from 723 to 943 since 2022.

Plan summary
Net assets, end of year$21,351,935
Participants with balances1,126
Active participants943
Employer contributions—
Employee contributions$2,365,896
Employer contribution per active participant—
Average account balance$18,963
Benefits paid to participants$1,791,850
Plan auditUnmodified (clean) audit opinion
AuditorMARTIN STARNES & ASSOCIATES CPAS PA
Plan history3
Yearassets · accounts · employer contribution
2024$21.4M · 1,126 accts
2023$18.3M · 1,030 accts · $393K emplr
2022$14.7M · 891 accts · $218K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$154,606
Total administrative$154,606
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 · 20241
FIRST CITIZENS BANK & TRUST COMPANY · Trustee$154,606

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$154,606 · 0.78%
2023$126,349 · 0.77%
2022$139,246 · 0.87%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Avance Health Systems, Inc. NC$22.4M · 0.67%
Genova Diagnostics NC$22.3M · 0.56%
Givens Estates, Inc. NC$21.2M · 0.18%
Ipas, Inc. NC$21.1M · 0.20%
Workplace Options, LLC NC$20.8M · 0.44%
Lower Cape Fear Lifecare NC$20.7M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020707661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.