Plan Ledger DOL Form 5500 · updated monthly

Legal Aid of North Carolina Inc401(k)

LEGAL AID OF NORTH CAROLINA RET PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Legal Aid of North Carolina Inc reported $131,891 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $2,166 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.

Across the 2 years on file its reported administrative ratio fell from 0.48% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 538th-largest of 2,005 plans among North Carolina employers on file, and the 3,968th of 11,654 in professional & technical services. In 2024, employees put in $1.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,877,172
Participants with balances474
Active participants458
Employer contributions$991,825
Employee contributions$1,358,261
Employer contribution per active participant$2,166
Average account balance$67,251
Benefits paid to participants$2,509,988
Plan auditUnmodified (clean) audit opinion
AuditorROMEO, WIGGINS & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$31.9M · 474 accts · $992K emplr
2023$28.1M · 473 accts · $923K emplr
2022$23.8M · 446 accts · $836K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,792
Investment management$62,099
Total administrative$131,891
The Legal Aid of North Carolina Inc 401(k) match · 2024
Employer contribution per active participant$2,166
Median for plans this size$2,416
2024$2,166 per active participant
2023$1,973 per active participant
2022$1,798 per active participant

Legal Aid of North Carolina Inc's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ASCENSUS LLC · Recordkeeping · Loan processing$69,792
ONE DIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$52,222
NEXTCAPITAL GROUP, INC.$9,877

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$131,891 · 0.44%
2023$117,389 · 0.45%
2022$122,675 · 0.48%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Usfalcon, Inc. NC$33.2M · 0.35%
Paymentus Group, Inc. NC$31.3M · 0.13%
Corvid Technologies, LLC NC$30.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311784161 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.