Plan Ledger DOL Form 5500 · updated monthly

Family Service of the Piedmont, Inc.401(k)

FAMILY SERVICE OF THE PIEDMONT, INC. RETIREMENT PLAN · JAMESTOWN, NC · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Family Service of the Piedmont, Inc. reported $21,046 in plan administrative expenses for 2024: 0.78% 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 2 years on file its reported administrative ratio rose from 0.59% to 0.78%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,663rd of 2,005), and 9,326th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,908,281
Participants with balances196
Active participants131
Employer contributions$0
Employee contributions$255,676
Employer contribution per active participant$0
Average account balance$14,838
Benefits paid to participants$132,185
Plan auditUnmodified (clean) audit opinion
AuditorBENARD ROBINSON & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 196 accts
2023$2.5M · 204 accts
2022$2.3M · 207 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,796
Investment management$15,250
Total administrative$21,046
The Family Service of the Piedmont, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Family Service of the Piedmont, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
MMA SECURITIES LLC · Investment advisory (plan)$15,000
EMPOWER ADVISORY GROUP, LLC · Investment management$250

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

Administrative cost history3
2024$21,046 · 0.78%
2023$18,261 · 0.75%
2022$12,941 · 0.59%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Starmount Management LLC NC$2.7M · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562061741 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.