Plan Ledger DOL Form 5500 · updated monthly

Lincoln Charter School401(k)

LINCOLN CHARTER SCHOOL 401(K) PLAN · DENVER, NC · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Lincoln Charter School reported $115,357 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,900 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 rose from 0.63% to 0.71%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 793rd-largest of 2,005 plans among North Carolina employers on file, and 1,698th of 3,091 in educational services. In 2024, employees put in $1.43 for every $1.00 the employer contributed; active participation has grown from 273 to 316 since 2022.

Plan summary
Net assets, end of year$17,381,972
Participants with balances283
Active participants316
Employer contributions$600,252
Employee contributions$858,953
Employer contribution per active participant$1,900
Average account balance$61,420
Benefits paid to participants$1,338,676
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.4M · 283 accts · $600K emplr
2023$15.0M · 283 accts · $550K emplr
2022$12.6M · 255 accts · $502K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,513
Investment management$47,420
Audit (IQPA)$25,424
Total administrative$115,357
The Lincoln Charter School 401(k) match · 2024
Employer contribution per active participant$1,900
Median for plans this size$2,416
2024$1,900 per active participant
2023$1,793 per active participant
2022$1,839 per active participant

Lincoln Charter School'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 · 20242
JOHN HANCOCK LIFE INS. CO · Recordkeeping · Investment management$2,194
RUSSON + JOHNSTON CPAS · Accounting / audit$15,000

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$115,357 · 0.71%
2023$80,436 · 0.58%
2022$73,039 · 0.63%
Similar plansEducational Services · North Carolina
Proctoru Inc dba Proctoru NC$22.2M · 0.46%
Measurement Incorporated NC$22.1M · 0.19%
Saint Marys School NC$20.4M · 0.02%
Brevard College Corporation NC$19.7M · 0.03%
Carolina Day School, Inc. NC$16.2M · 0.43%
Lees-McRae College, Inc. NC$15.6M · 0.00%
Louisburg College NC$15.2M · 0.09%
Shaw University NC$14.0M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 562052862 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.