Plan Ledger DOL Form 5500 · updated monthly

Knowles, Smith & Associates, LLP401(k)

VILLAGE FAMILY DENTAL 401(K) PLAN · FAYETTEVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Knowles, Smith & Associates, LLP reported $73,980 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $591 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 3 years on file its reported administrative ratio has held roughly steady near 0.68%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,013th of 2,005), and the 5,177th of 11,911 in health care & social assistance. In 2024, employees put in $4.93 for every $1.00 the employer contributed; active participation has grown from 242 to 268 since 2022.

Plan summary
Net assets, end of year$11,903,142
Participants with balances208
Active participants268
Employer contributions$158,411
Employee contributions$781,720
Employer contribution per active participant$591
Average account balance$57,227
Benefits paid to participants$417,712
Plan auditUnmodified (clean) audit opinion
AuditorELLIOTT DAVIS,PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 208 accts · $158K emplr
2023$9.8M · 255 accts · $45K emplr
2022$9.2M · 236 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,980
Total administrative$73,980
The Knowles, Smith & Associates, LLP 401(k) match · 2024
Employer contribution per active participant$591
Median for plans this size$2,416
2024$591 per active participant
2023$179 per active participant

Knowles, Smith & Associates, LLP'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
NEWPORT GROUP, INC · Contract administrator · Recordkeeping$73,980

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$73,980 · 0.68%
2023$63,826 · 0.67%
2022$66,802 · 0.65%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Methodist Home for Children NC$12.4M · 0.04%
Peak Resources, Inc. NC$11.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208326663 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.