Plan Ledger DOL Form 5500 · updated monthly

Flow America, LLC401(k)

POWER & ENERGY RETIREMENT SAVINGS PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Flow America, LLC reported $34,966 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $4,319 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 fell from 0.25% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 702nd-largest of 2,005 plans among North Carolina employers on file, and the 5,684th of 13,661 in manufacturing. In 2024, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,337,881
Participants with balances315
Active participants301
Employer contributions$1,299,905
Employee contributions$2,532,684
Employer contribution per active participant$4,319
Average account balance$67,739
Benefits paid to participants$2,693,339
Plan auditUnmodified (clean) audit opinion
AuditorMICAH SHUE, MANAGER, AUDIT, WIPFLI
Plan history2
Yearassets · accounts · employer contribution
2024$21.3M · 315 accts · $1.3M emplr
2023$17.5M · 326 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,922
Investment management$44
Total administrative$34,966
The Flow America, LLC 401(k) match · 2024
Employer contribution per active participant$4,319
Median for plans this size$2,416
2024$4,319 per active participant
2023$4,232 per active participant

Flow America, LLC's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$34,922

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

Administrative cost history2
2024$34,966 · 0.18%
2023$38,963 · 0.25%
Similar plansManufacturing · North Carolina
St Engineering Hackney, Inc NC$22.0M · 0.25%
Bonset America Corporation NC$21.9M · 0.39%
Mickey Truck Bodies, Inc. NC$21.6M · 0.34%
Triangle Brick Company NC$21.5M · 0.06%
Implus Footcare, LLC NC$20.9M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 834625627 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.