Plan Ledger DOL Form 5500 · updated monthly

Fountain Services, LLC401(k)

FOUNTAIN SERVICES, LLC 401K PLAN · SPINDALE, NC · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Fountain Services, LLC reported $1,140 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,271 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 0.02% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,475th of 2,005), and 4,017th of 5,337 in construction. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 175 to 244 since 2022.

Plan summary
Net assets, end of year$4,872,923
Participants with balances145
Active participants244
Employer contributions$310,149
Employee contributions$437,665
Employer contribution per active participant$1,271
Average account balance$33,606
Benefits paid to participants$340,195
Plan auditUnmodified (clean) audit opinion
AuditorLONG CPA, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 145 accts · $310K emplr
2023$3.8M · 123 accts · $262K emplr
2022$2.7M · 96 accts · $142K emplr
The Fountain Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,271
Median for plans this size$1,313
2024$1,271 per active participant
2023$1,206 per active participant
2022$814 per active participant

Fountain Services, LLC's 2024 employer contribution ran below the $1,313 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.

Administrative cost history3
2024$1,140 · 0.03%
2023$2,368 · 0.07%
2022$541 · 0.02%
Same employer
Similar plansConstruction · North Carolina
Mill Creek Renewables LLC NC$5.4M · 0.52%
Ascendtek, LLC NC$5.3M · 0.83%
Baker Roofing Company NC$5.0M · 0.81%
River City Construction NC$4.8M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205807232 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.