Plan Ledger DOL Form 5500 · updated monthly

Generations Ashe401(k)

GENERATIONS ASHE RETIREMENT SAVINGS PLAN · WEST JEFFERSON, NC · plan year 2023

Reported admin expense ratio · 2023
0.88%

Generations Ashe reported $15,744 in plan administrative expenses for 2023: 0.88% of average plan assets, higher than ~75% of peers. 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 0.94% to 0.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,791st of 2,005), and 10,148th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$1,885,790
Participants with balances39
Active participants95
Employer contributions—
Employee contributions$36,361
Employer contribution per active participant—
Average account balance$48,354
Benefits paid to participants$98,189
Plan auditUnmodified (clean) audit opinion
AuditorBALANCE & STRATEGY ADVISORS, CPAS,
Plan history2
Yearassets · accounts · employer contribution
2023$1.9M · 39 accts
2022$1.7M · 42 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,417
Investment management$14,327
Total administrative$15,744
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
ALERUS FINANCIAL, N.A. · Recordkeeping · Trusteeindirect comp

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

Administrative cost history2
2023$15,744 · 0.88%
2022$15,936 · 0.94%
Similar plansHealth Care & Social Assistance · North Carolina
Porters Neck Village NC$2.1M · 1.38%
Oe Enterprises, Inc. NC$2.1M · 0.39%
Family Services, Inc. NC$1.9M · 1.44%
Robling Medical Inc NC$1.8M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591762020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.