Plan Ledger DOL Form 5500 · updated monthly

Grandfather Golf and Country Club, Inc.Profit-sharing plan

GRANDFATHER GOLF AND COUNTRY CLUB INC. RETIREMENT PLAN · LINVILLE, NC · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Grandfather Golf and Country Club, Inc. reported $10,855 in plan administrative expenses for 2023: 0.35% of average plan assets, below the peer median. Employer contributions averaged $1,054 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 1 year on file its reported administrative ratio fell from 0.38% to 0.35%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in North Carolina (1,615th of 2,005), and 1,124th of 2,240 in accommodation & food services. In 2023, employees put in $1.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,448,381
Participants with balances98
Active participants135
Employer contributions$142,353
Employee contributions$159,442
Employer contribution per active participant$1,054
Average account balance$35,188
Benefits paid to participants$125,792
Plan auditUnmodified (clean) audit opinion
AuditorSMITH LEONARD
Plan history2
Yearassets · accounts · employer contribution
2023$3.4M · 98 accts · $142K emplr
2022$2.7M · 127 accts · $149K emplr
Employer contributions to the Grandfather Golf and Country Club, Inc. plan · 2023
Employer contribution per active participant$1,054
Median for plans this size$1,308
2023$1,054 per active participant
2022$1,310 per active participant

Grandfather Golf and Country Club, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FUND DIRECT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$6,137

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$10,855 · 0.35%
2022$11,919 · 0.38%
Similar plansAccommodation & Food Services · North Carolina
Rust Enterprises, Inc. NC$4.1M · 0.76%
Plaza Associates, Inc. NC$3.9M · 0.74%
Boj of Wnc, LLC NC$3.6M · 1.69%
Daly Seven, Inc. NC$3.1M · 0.51%
Platinum Corral, LLC NC$3.1M · 0.90%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560899784 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.