Plan Ledger DOL Form 5500 · updated monthly

Duncan-Parnell, Inc.401(k)

DUNCAN-PARNELL, INC. 401(K) PLAN AND TRUST · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Duncan-Parnell, Inc. reported $77,538 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $4,243 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 0.35% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 579th-largest of 2,005 plans among North Carolina employers on file, and the 1,404th of 4,246 in wholesale trade. In 2024, employees put in $1.38 for every $1.00 the employer contributed; active participation has grown from 182 to 267 since 2022.

Plan summary
Net assets, end of year$28,831,334
Participants with balances307
Active participants267
Employer contributions$1,132,818
Employee contributions$1,565,882
Employer contribution per active participant$4,243
Average account balance$93,913
Benefits paid to participants$1,424,240
Plan auditUnmodified (clean) audit opinion
AuditorMCCANNON,ROGERS,DRISCOLL & ASSOCIAT
Plan history3
Yearassets · accounts · employer contribution
2024$28.8M · 307 accts · $1.1M emplr
2023$24.3M · 245 accts · $1.9M emplr
2022$18.6M · 229 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,092
Investment management$51,446
Total administrative$77,538
The Duncan-Parnell, Inc. 401(k) match · 2024
Employer contribution per active participant$4,243
Median for plans this size$2,416
2024$4,243 per active participant
2023$10,167 per active participant

Duncan-Parnell, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$26,092
KESTRA ADVISORY SERVICES. · Investment advisory (plan)$51,446

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$77,538 · 0.29%
2023$73,339 · 0.34%
2022$71,313 · 0.35%
Same employer
Similar plansWholesale Trade · North Carolina
Cary Oil Co., Inc. NC$29.9M · 0.18%
Biotage, LLC NC$29.5M · 0.10%
Bob Barker Company, Inc. NC$29.3M · 0.25%
Sie Holdings, Inc. NC$28.2M · 0.54%
Coastal Agrobusiness, Inc. NC$28.1M · 0.22%
Ascendum Machinery, Inc. NC$26.8M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560561956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.