Plan Ledger DOL Form 5500 · updated monthly

Falls of Neuse Managment LLC, a North Carolina LLC401(k)

FALLS OF NEUSE MANAGEMENT LLC 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Falls of Neuse Managment LLC, a North Carolina LLC reported $193,090 in plan administrative expenses for 2024: 0.18% of average plan assets, above the peer median. Employer contributions averaged $1,275 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 rose from 0.06% to 0.18%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 177th-largest of 2,005 plans among North Carolina employers on file, and the 1,726th of 13,661 in manufacturing. In 2024, employees put in $2.75 for every $1.00 the employer contributed; active participation has grown from 2,535 to 2,901 since 2022.

Plan summary
Net assets, end of year$114,178,113
Participants with balances3,464
Active participants2,901
Employer contributions$3,698,746
Employee contributions$10,171,146
Employer contribution per active participant$1,275
Average account balance$32,961
Benefits paid to participants$9,433,026
Plan auditUnmodified (clean) audit opinion
AuditorSTANCIL PC
Plan history3
Yearassets · accounts · employer contribution
2024$114.2M · 3,464 accts · $3.7M emplr
2023$98.3M · 3,372 accts · $3.1M emplr
2022$78.6M · 3,007 accts · $2.4M emplr
The Falls of Neuse Managment LLC, a North Carolina LLC 401(k) match · 2024
Employer contribution per active participant$1,275
Median for plans this size$3,635
2024$1,275 per active participant
2023$1,086 per active participant
2022$948 per active participant

Falls of Neuse Managment LLC, a North Carolina LLC's 2024 employer contribution ran below the $3,635 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
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$117,597

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$193,090 · 0.18%
2023$131,869 · 0.15%
2022$54,943 · 0.06%
Similar plansManufacturing · North Carolina
Bell and Howell, LLC NC$144.6M · 0.07%
Glatfelter Corporation NC$142.7M · 0.09%
Shurtape Technologies LLC NC$140.9M · 0.19%
Nn, Inc. NC$127.0M · 0.06%
Glen Raven, Inc. NC$113.3M · 0.17%
Sgl Carbon, LLC NC$113.0M · 0.07%
Upm Raflatac, Inc. NC$112.1M · 0.07%
Umicore USA Inc. NC$110.6M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611692607 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.