Plan Ledger DOL Form 5500 · updated monthly

Leaseaccelerator, Inc.401(k)

LEASEACCELERATOR, INC. RETIREMENT SAVINGS PLAN · RALEIGH, NC · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Leaseaccelerator, Inc. reported $28,861 in plan administrative expenses for 2023: 0.41% of average plan assets, below the peer median. Employer contributions averaged $3,196 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 has held roughly steady near 0.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in North Carolina (1,256th of 2,005), and the 1,167th of 2,534 in administrative & support services. In 2023, employees put in $3.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,696,885
Participants with balances125
Active participants86
Employer contributions$274,889
Employee contributions$897,296
Employer contribution per active participant$3,196
Average account balance$61,575
Benefits paid to participants$1,125,876
Plan auditUnmodified (clean) audit opinion
AuditorCARON & BLEZTER, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $272K emplr
2023$7.7M · 125 accts · $275K emplr
2022$6.4M · 147 accts · $285K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$13,095
Investment management$15,766
Total administrative$28,861
The Leaseaccelerator, Inc. 401(k) match · 2023
Employer contribution per active participant$3,196
Median for plans this size$1,308
2023$3,196 per active participant
2022$3,207 per active participant

Leaseaccelerator, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
MML INVESTOR SERVICES LLC · Investment advisory (plan)$15,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$11,010

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

Administrative cost history3
2024Not separately reported
2023$28,861 · 0.41%
2022$28,249 · 0.42%
Similar plansAdministrative & Support Services · North Carolina
Bruce Terminix Company NC$7.8M · 0.37%
Castle Branch, Inc NC$7.8M · 0.24%
Sunstates Security, LLC NC$6.8M · 0.63%
Crg Corporation NC$6.4M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474009298 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.