Plan Ledger DOL Form 5500 · updated monthly

Edwards, Inc.401(k)

EDWARDS, INC. SAVINGS PLUS PLAN · SPRING HOPE, NC · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Edwards, Inc. reported $99,287 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $952 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 3 years on file its reported administrative ratio has held roughly steady near 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 759th-largest of 2,005 plans among North Carolina employers on file, and the 2,087th of 5,337 in construction. In 2024, employees put in $3.12 for every $1.00 the employer contributed; active participation has grown from 351 to 408 since 2022.

Plan summary
Net assets, end of year$19,174,904
Participants with balances242
Active participants408
Employer contributions$388,589
Employee contributions$1,210,852
Employer contribution per active participant$952
Average account balance$79,235
Benefits paid to participants$1,908,657
Plan auditUnmodified (clean) audit opinion
AuditorANTHONY, TABB & CREEL, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$19.2M · 242 accts · $389K emplr
2023$17.1M · 231 accts · $352K emplr
2022$14.5M · 235 accts · $272K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,287
Total administrative$99,287
The Edwards, Inc. 401(k) match · 2024
Employer contribution per active participant$952
Median for plans this size$2,416
2024$952 per active participant
2023$893 per active participant
2022$776 per active participant

Edwards, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$99,286

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$99,287 · 0.55%
2023$83,499 · 0.53%
2022$91,795 · 0.58%
Same employer
Similar plansConstruction · North Carolina
Mechanical Contractors, LLC NC$21.8M · 0.26%
Keith & Keith, LTD. NC$21.2M · 0.43%
Hepaco LLC NC$19.9M · 0.80%
Price Brothers, Inc NC$18.8M · 0.45%
Trader Construction Co. NC$18.8M · 0.01%
Century Contractors, Inc. NC$18.7M · 0.13%
Shelco, LLC NC$18.1M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561429918 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.