Plan Ledger DOL Form 5500 · updated monthly

Drs Burrow Welchel & Culp PA401(k)

DRS BURROW WELCHEL & CULP PA 401(K) PROFIT SHARING PLAN & TRUST · CHARLOTTE, NC · plan year 2025

Reported admin expense ratio · 2025
0.76%

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

Drs Burrow Welchel & Culp PA reported $30,143 in plan administrative expenses for 2025: 0.76% of average plan assets, above the peer median. Employer contributions averaged $0 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 1 year on file its reported administrative ratio rose from 0.62% to 0.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,537th of 2,005), and 8,415th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$4,203,105
Participants with balances102
Active participants196
Employer contributions$0
Employee contributions$458,726
Employer contribution per active participant$0
Average account balance$41,207
Benefits paid to participants$631,158
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2025$4.2M · 102 accts
2024$3.8M · 110 accts
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$15,940
Investment management$13,343
Trustee / custodial$860
Total administrative$30,143
The Drs Burrow Welchel & Culp PA 401(k) match · 2025
Employer contribution per active participant$0
Median for plans this size$1,464

Drs Burrow Welchel & Culp PA's 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
PAYCHEX, INC. · Recordkeeping$10,253
WEALTH ENHANCEMENT ADVISORY SERVICE · Investment advisory (participants)$13,343
ERISA FIDUCIARY SERVICES, INC. · Contract administrator$5,920

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2025Paychex
2024Paychex

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2025$30,143 · 0.76%
2024$26,745 · 0.62%
Similar plansHealth Care & Social Assistance · North Carolina
Armstrong & Eshleman P.A. NC$4.8M · 0.31%
Braden Health, Inc. NC$4.2M · 2.43%
Viva Life LLC NC$4.2M · 0.87%
Support, Inc. NC$4.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560991477 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.