Plan Ledger DOL Form 5500 · updated monthly

Foundry Commercial, LLC401(k)

FOUNDRY COMMERCIAL RETIREMENT SAVINGS PLAN · SCARLETTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Foundry Commercial, LLC reported $47,637 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,619 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 0.09% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 386th-largest of 2,005 plans among North Carolina employers on file, and the 295th of 2,096 in real estate & leasing. In 2024, employees put in $2.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,704,515
Participants with balances527
Active participants436
Employer contributions$1,578,059
Employee contributions$4,397,095
Employer contribution per active participant$3,619
Average account balance$92,418
Benefits paid to participants$5,464,768
Plan auditUnmodified (clean) audit opinion
AuditorMCDIRMIT DAVIS
Plan history3
Yearassets · accounts · employer contribution
2024$48.7M · 527 accts · $1.6M emplr
2023$40.9M · 531 accts · $1.4M emplr
2022$30.2M · 473 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,651
Investment management$13,826
Total administrative$47,637
The Foundry Commercial, LLC 401(k) match · 2024
Employer contribution per active participant$3,619
Median for plans this size$2,416
2024$3,619 per active participant
2023$2,993 per active participant
2022$3,277 per active participant

Foundry Commercial, LLC's 2024 employer contribution ran above the $2,416 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 · 20246
EMPOWER ADVISORY GROUP, LLC · Investment management$13,826
FOUNDRY COMMERCIAL LLC$1,000
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$150

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$47,637 · 0.11%
2023$51,990 · 0.15%
2022$26,805 · 0.09%
Same employer
Similar plansReal Estate & Leasing · North Carolina
Quarterra Services, LLC NC$62.9M · 0.45%
Bell Partners Inc. NC$59.2M · 0.27%
Crescent Communities, LLC NC$44.4M · 0.05%
Koury Corporation NC$28.4M · 0.08%
O.R. Colan Associates, LLC NC$27.6M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274210177 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.