Plan Ledger DOL Form 5500 · updated monthly

Fitch Irick Corporation401(k)

FITCH IRICK CORPORATION LLC 401(K) PROFIT SHARING PLAN · CHARLOTTE, NC · plan year 2023

Reported admin expense ratio · 2023
1.16%

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

Fitch Irick Corporation reported $24,880 in plan administrative expenses for 2023: 1.16% of average plan assets, higher than ~75% of peers. Employer contributions averaged $538 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 1 year on file its reported administrative ratio rose from 1.01% to 1.16%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in North Carolina (1,700th of 2,005), and 1,765th of 2,096 in real estate & leasing. In 2023, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 221 to 292 since 2022.

Plan summary
Net assets, end of year$2,681,123
Participants with balances122
Active participants292
Employer contributions$157,176
Employee contributions$275,064
Employer contribution per active participant$538
Average account balance$21,976
Benefits paid to participants$33,455
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $198K emplr
2023$2.7M · 122 accts · $157K emplr
2022$1.6M · 140 accts · $129K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$23,887
Investment management$993
Total administrative$24,880
The Fitch Irick Corporation 401(k) match · 2023
Employer contribution per active participant$538
Median for plans this size$1,308
2023$538 per active participant
2022$583 per active participant

Fitch Irick Corporation's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
TRANSAMERICA FINANCIAL LIFE INS. CO · Recordkeeping · Loan processing$14,290
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$9,597
RPA FINANCIAL LLC · Investment advisory (plan)$993

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

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

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Administrative cost history3
2024Not separately reported
2023$24,880 · 1.16%
2022$16,061 · 1.01%
Similar plansReal Estate & Leasing · North Carolina
Ce Rental, Inc. NC$4.6M · 0.82%
York Properties, Inc. NC$4.4M · 0.41%
New Forum, Inc. NC$3.7M · 1.53%
Sea Coast Realty, Inc. NC$3.5M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472224429 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.