Plan Ledger DOL Form 5500 · updated monthly

Hughes Pittman & Gupton, LLP401(k)

HUGHES PITTMAN & GUPTON LLP RETIREMENT SAVINGS PLAN · RALEIGH, NC · plan year 2023

Reported admin expense ratio · 2023
0.17%

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

Hughes Pittman & Gupton, LLP reported $33,885 in plan administrative expenses for 2023: 0.17% of average plan assets, below the peer median. Employer contributions averaged $4,107 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 rose from 0.16% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 696th-largest of 2,005 plans among North Carolina employers on file, and the 5,270th of 11,654 in professional & technical services. In 2023, employees put in $2.33 for every $1.00 the employer contributed; active participation has grown from 78 to 93 since 2022.

Plan summary
Net assets, end of year$21,605,966
Participants with balances129
Active participants93
Employer contributions$381,921
Employee contributions$888,834
Employer contribution per active participant$4,107
Average account balance$167,488
Benefits paid to participants$1,304,099
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $46K emplr
2023$21.6M · 129 accts · $382K emplr
2022$18.5M · 125 accts · $350K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$33,885
Total administrative$33,885
The Hughes Pittman & Gupton, LLP 401(k) match · 2023
Employer contribution per active participant$4,107
Median for plans this size$2,440
2023$4,107 per active participant
2022$4,485 per active participant

Hughes Pittman & Gupton, LLP's 2023 employer contribution ran above the $2,440 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 · 20232
NATIONWIDE · Recordkeeping · Custodial$26,997
PENSION FINANCIAL SERVICES, INC. · Contract administrator · Pension consulting$6,889

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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

Administrative cost history3
2024Not separately reported
2023$33,885 · 0.17%
2022$31,760 · 0.16%
Similar plansProfessional & Technical Services · North Carolina
Sequence, Inc. NC$23.2M · 0.41%
The van Winkle Law Firm NC$22.7M · 0.36%
Orion Ics, LLC NC$21.9M · 0.27%
Tompkins Solutions, Inc. NC$21.3M · 0.50%
Ems Linq Inc NC$20.8M · 0.03%
McGill Associates, P.A. NC$20.7M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561415202 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.