Plan Ledger DOL Form 5500 · updated monthly

Goodwill Industries of Eastern401(k)

403(B) THRIFT PLAN FOR EMPLOYEES OF GOODWILL INDUSTRIES OF EASTERN NORTH CAROLINA, INC. · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Goodwill Industries of Eastern reported $6,301 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,295 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 0.03% to 0.05%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 965th-largest of 2,005 plans among North Carolina employers on file, and the 1,412th of 3,341 in other services. In 2024, the employer put in $1.45 for every $1.00 employees contributed themselves; active participation has grown from 255 to 341 since 2022.

Plan summary
Net assets, end of year$12,943,757
Participants with balances555
Active participants341
Employer contributions$441,611
Employee contributions$305,611
Employer contribution per active participant$1,295
Average account balance$23,322
Benefits paid to participants$1,096,441
Plan auditUnmodified (clean) audit opinion
AuditorBATCHELOR, TILLERY,& ROBERTS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 555 accts · $442K emplr
2023$12.0M · 524 accts · $221K emplr
2022$11.1M · 507 accts · $211K emplr
The Goodwill Industries of Eastern 401(k) match · 2024
Employer contribution per active participant$1,295
Median for plans this size$2,416
2024$1,295 per active participant
2023$745 per active participant
2022$827 per active participant

Goodwill Industries of Eastern's 2024 employer contribution ran below the $2,416 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$9,369

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$6,301 · 0.05%
2023$2,665 · 0.02%
2022$3,737 · 0.03%
Same employer
Similar plansOther Services · North Carolina
Credible Labs, Inc. NC$14.9M · 0.02%
Monarch NC$14.6M · 0.21%
Boon Edam, Inc. NC$14.5M · 0.04%
1-800-PACK-RAT, LLC NC$11.0M · 0.43%
United World Mission NC$10.0M · 0.95%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 560861003 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.