Plan Ledger DOL Form 5500 · updated monthly

Johnston County Industries, Inc.403(b)

JOHNSTON COUNTY INDUSTRIES, INC. 403(B) PLAN · SELMA, NC · plan year 2023

Reported admin expense ratio · 2023
0.69%

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

Johnston County Industries, Inc. reported $16,880 in plan administrative expenses for 2023: 0.69% of average plan assets, above the peer median. Employer contributions averaged $1,166 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.

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 (1,714th of 2,005), and 9,593rd of 11,911 in health care & social assistance. In 2023, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,553,153
Participants with balances98
Active participants129
Employer contributions$150,453
Employee contributions$181,800
Employer contribution per active participant$1,166
Average account balance$26,053
Benefits paid to participants$413,963
Plan auditUnmodified (clean) audit opinion
AuditorSHARPE PATEL PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$2.6M · 98 accts · $150K emplr
2022$2.3M · 105 accts · $156K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,880
Total administrative$16,880
The Johnston County Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$1,166
Median for plans this size$1,308
2023$1,166 per active participant
2022$989 per active participant

Johnston County Industries, 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 · 20233
NATIONWIDE$10,000
LPL FINANCIAL SERVICE-SMS SERVICE P$6,870
QUALIFIED PLAN ADMINISTRATORS, INC.$2,294

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$16,880 · 0.69%
2022Not separately reported
Similar plansHealth Care & Social Assistance · North Carolina
Starmount Management LLC NC$2.7M · 1.28%
Eliada Homes, Inc. NC$2.5M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561101999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.