Plan Ledger DOL Form 5500 · updated monthly

Flexential Corp.401(k)

FLEXENTIAL CORP. 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Flexential Corp. reported $99,193 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $3,493 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 fell from 0.15% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 207th-largest of 2,005 plans among North Carolina employers on file, and the 1,502nd of 11,654 in professional & technical services. In 2024, employees put in $2.50 for every $1.00 the employer contributed; active participation has grown from 844 to 948 since 2022.

Plan summary
Net assets, end of year$100,120,631
Participants with balances1,280
Active participants948
Employer contributions$3,311,287
Employee contributions$8,293,286
Employer contribution per active participant$3,493
Average account balance$78,219
Benefits paid to participants$9,083,337
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$100.1M · 1,280 accts · $3.3M emplr
2023$84.8M · 1,219 accts · $2.9M emplr
2022$67.6M · 1,231 accts · $2.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,265
Investment management$36,928
Total administrative$99,193
The Flexential Corp. 401(k) match · 2024
Employer contribution per active participant$3,493
Median for plans this size$3,635
2024$3,493 per active participant
2023$3,553 per active participant
2022$2,786 per active participant

Flexential Corp.'s 2024 employer contribution ran below the $3,635 median for plans its size. 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$62,265
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$36,928

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$99,193 · 0.11%
2023$88,598 · 0.12%
2022$114,499 · 0.15%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Octapharma Plasma, Inc. NC$106.1M · 1.14%
Propharma Group NC$104.7M · 0.51%
McKim & Creed, Inc. NC$80.6M · 0.01%
Scottmadden, Inc. NC$80.1M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593638780 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.