Plan Ledger DOL Form 5500 · updated monthly

Leonard Aluminum Utility Bldgs401(k)

COOK SALES, INC. 401K PLAN · MOUNT AIRY, NC · plan year 2024

Reported admin expense ratio · 2024
1.02%

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

Leonard Aluminum Utility Bldgs reported $109,247 in plan administrative expenses for 2024: 1.02% of average plan assets, higher than ~90% of peers. Employer contributions averaged $814 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 1.022%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,048th of 2,005), and 8,336th of 13,661 in manufacturing. In 2024, employees put in $2.42 for every $1.00 the employer contributed; active participation has grown from 171 to 783 since 2022.

Plan summary
Net assets, end of year$11,065,057
Participants with balances603
Active participants783
Employer contributions$637,283
Employee contributions$1,543,521
Employer contribution per active participant$814
Average account balance$18,350
Benefits paid to participants$2,558,686
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 603 accts · $637K emplr
2023$10.3M · 586 accts · $681K emplr
2022$4.7M · 119 accts · $142K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$84,751
Investment management$24,496
Total administrative$109,247
The Leonard Aluminum Utility Bldgs 401(k) match · 2024
Employer contribution per active participant$814
Median for plans this size$2,416
2024$814 per active participant
2023$781 per active participant
2022$830 per active participant

Leonard Aluminum Utility Bldgs'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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$84,751
PATRIOT FINANCIAL GROUP · Investment advisory (plan)$24,496

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$109,247 · 1.02%
2023$111,422 · 1.48%
2022$61,271 · 1.02%
Same employer
Similar plansManufacturing · North Carolina
Bekaertdeslee USA Inc. NC$11.2M · 0.74%
Salem One, Inc. NC$10.9M · 0.39%
Wesley Hall Furniture, Inc. NC$10.8M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581080422 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.