Plan Ledger DOL Form 5500 · updated monthly

Firsthealth of the Carolinas, Inc.403(b)

FIRSTHEALTH OF THE CAROLINAS, INC. MATCHING SAVINGS PLAN · PINEHURST, NC · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Firsthealth of the Carolinas, Inc. reported $545,099 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,106 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 0.04% to 0.13%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 69th-largest of 2,005 plans among North Carolina employers on file, and the 354th of 11,911 in health care & social assistance. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has grown from 5,520 to 6,474 since 2022.

Plan summary
Net assets, end of year$450,789,399
Participants with balances6,180
Active participants6,474
Employer contributions$13,635,332
Employee contributions$23,457,262
Employer contribution per active participant$2,106
Average account balance$72,943
Benefits paid to participants$30,575,580
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$450.8M · 6,180 accts · $13.6M emplr
2023$389.0M · 5,784 accts · $12.1M emplr
2022$327.6M · 5,439 accts · $8.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$355,199
Investment management$149,420
Total administrative$545,099
Employer contributions to the Firsthealth of the Carolinas, Inc. plan · 2024
Employer contribution per active participant$2,106
Median for plans this size$4,294
2024$2,106 per active participant
2023$2,045 per active participant
2022$1,591 per active participant

Firsthealth of the Carolinas, Inc.'s 2024 employer contribution ran below the $4,294 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$355,249
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$149,420
CAPTRUST · Consulting$39,979

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$545,099 · 0.13%
2023$482,277 · 0.13%
2022$158,070 · 0.04%
All plans at this employer2
FIRSTHEALTH OF THE CAROLINAS, INC. RETIREMENT GROWTH PLANProfit-sharing plan
FIRSTHEALTH OF THE CAROLINAS, INC. MATCHING SAVINGS PLAN403(b)
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Wakemed NC$1.4B · 0.10%
Fortrea Inc. NC$606.0M · 0.11%
Caromont Health, Inc. NC$510.8M · 0.01%
Orthocarolina, P.A. NC$408.4M · 0.07%
Affordable Care, LLC NC$235.2M · 0.20%
Emergeortho PA NC$213.8M · 0.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 561936354 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.