Plan Ledger DOL Form 5500 · updated monthly

Dfp, Inc. dba Edward Ferrell & Lewis Mittman401(k)

EDWARD FERRELL & LEWIS MITTMAN 401(K) PLAN · HIGH POINT, NC · plan year 2019

Reported admin expense ratio · 2019
2.96%

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

Dfp, Inc. dba Edward Ferrell & Lewis Mittman reported $33,513 in plan administrative expenses for 2019: 2.96% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1 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 $1M–$10M size bracket, benchmarked here against 238 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,876th of 2,005), and 13,251st of 13,661 in manufacturing. In 2019, employees put in $576.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,061,343
Participants with balances56
Active participants86
Employer contributions$110
Employee contributions$63,381
Employer contribution per active participant$1
Average account balance$18,953
Benefits paid to participants$245,188
Plan auditDisclaimer of opinion
AuditorSHARRARD, MCGEE & CO., P.A.
Administrative expenses, itemized · 2019
Recordkeeping & contract admin$12,513
Audit (IQPA)$21,000
Total administrative$33,513
The Dfp, Inc. dba Edward Ferrell & Lewis Mittman 401(k) match · 2019
Employer contribution per active participant$1
Median for plans this size$892

Dfp, Inc. dba Edward Ferrell & Lewis Mittman's 2019 employer contribution ran below the $892 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 2019 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2019$33,513 · 2.96%
Similar plansManufacturing · North Carolina
Buckeye Fire Equipment NC$1.2M · 0.03%
Reich, LLC NC$1.2M · 1.02%
Gray Flex Systems, Inc. NC$1.1M · 0.07%
King Hickory Furniture Co NC$965K · 1.08%
Shelby Elastics, LLC NC$648K · 0.01%
Renwood Mills, LLC NC$614K · 2.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561533604 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.