Plan Ledger DOL Form 5500 · updated monthly

Founders National Golf LLC401(k)

FOUNDERS NATIONAL GOLF LLC 401(K) PROFIT SHARING · MYRTLE BEACH, SC · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Founders National Golf LLC reported $51,520 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $128 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 0.48% to 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in South Carolina (486th of 807), and 8,742nd of 11,654 in professional & technical services. In 2024, employees put in $3.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,862,055
Participants with balances315
Active participants1,260
Employer contributions$161,430
Employee contributions$584,279
Employer contribution per active participant$128
Average account balance$24,959
Benefits paid to participants$307,729
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 315 accts · $161K emplr
2023$6.5M · 291 accts · $65K emplr
2022$5.6M · 273 accts · $14K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,720
Total administrative$51,520
The Founders National Golf LLC 401(k) match · 2024
Employer contribution per active participant$128
Median for plans this size$1,313
2024$128 per active participant
2023$53 per active participant
2022$11 per active participant

Founders National Golf LLC'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 · 20242
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (plan)$51,520
WEALTH ENHANCEMENT ADVISORY SERVICEindirect comp

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$51,520 · 0.72%
2023$29,490 · 0.49%
2022$28,586 · 0.48%
Same employer
Similar plansProfessional & Technical Services · South Carolina
Systemtec, Inc. SC$8.7M · 0.86%
Ambiopharm, Inc. SC$8.2M · 1.14%
Msi-Viking Gage, LLC SC$6.0M · 0.55%
Allsource Enterprises LLC SC$5.9M · 0.79%
Quant Systems, Inc SC$5.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473024061 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.