Plan Ledger DOL Form 5500 · updated monthly

Duplin Wine Cellars, IncProfit-sharing plan

DUPLIN WINE CELLARS, INC 401K PLAN · ROSE HILL, NC · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Duplin Wine Cellars, Inc reported $23,123 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $1,726 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 0.27% to 0.23%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in North Carolina (1,068th of 2,005), and the 428th of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,765,833
Participants with balances177
Active participants144
Employer contributions$248,495
Employee contributions$512,592
Employer contribution per active participant$1,726
Average account balance$60,824
Benefits paid to participants$457,729
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 177 accts · $248K emplr
2023$9.3M · 173 accts · $243K emplr
2022$6.9M · 152 accts · $209K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,123
Total administrative$23,123
Employer contributions to the Duplin Wine Cellars, Inc plan · 2024
Employer contribution per active participant$1,726
Median for plans this size$2,416
2024$1,726 per active participant
2023$1,497 per active participant
2022$1,558 per active participant

Duplin Wine Cellars, Inc's 2024 employer contribution ran below the $2,416 median for plans its size. 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$19,326
KILPATRICK TOWNSEND & STOCKTON LLP · Consulting · Legal$1,254

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$23,123 · 0.23%
2023$8,504 · 0.10%
2022$16,652 · 0.27%
Similar plansAgriculture, Forestry & Fishing · North Carolina
Z.V. Pate, Inc. NC$31.2M · 0.38%
Agdata, L.P. NC$23.0M · 0.19%
Cahec Management, Inc. NC$9.3M · 0.54%
Baucom's Nursery Company NC$4.7M · 0.25%
Pregel America, Inc. NC$3.3M · 0.89%
Prestige Farms, Inc. NC$3.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561119842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.