Plan Ledger DOL Form 5500 · updated monthly

M. R. Williams, Inc.401(k)

M. R. WILLIAMS, INC. 401(K) PROFIT SHARING PLAN · HENDERSON, NC · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

M. R. Williams, Inc. reported $37,817 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $366 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 0.54% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in North Carolina (1,069th of 2,005), and 2,819th of 4,246 in wholesale trade. In 2024, employees put in $2.81 for every $1.00 the employer contributed; active participation has grown from 290 to 581 since 2022.

Plan summary
Net assets, end of year$10,763,968
Participants with balances194
Active participants581
Employer contributions$212,769
Employee contributions$597,836
Employer contribution per active participant$366
Average account balance$55,484
Benefits paid to participants$1,595,586
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAM L. STARK AND COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 194 accts · $213K emplr
2023$10.3M · 188 accts · $210K emplr
2022$9.2M · 192 accts · $214K emplr
The M. R. Williams, Inc. 401(k) match · 2024
Employer contribution per active participant$366
Median for plans this size$2,416
2024$366 per active participant
2023$694 per active participant
2022$738 per active participant

M. R. Williams, Inc.'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 · 20245
CAROLINA WEALTH MANAGEMENT INC · Investment management$21,354
NATIONWIDE · Investment management$18,737
PROACCOUNT · Investment management$10,382
NATIONWIDE · Investment management$10,382
TRINITY PENSION GROUP, LLC · Investment management$3,049

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

Administrative cost history3
2024$37,817 · 0.36%
2023$47,826 · 0.49%
2022$53,733 · 0.54%
Same employer
Similar plansWholesale Trade · North Carolina
Tryon Distributing LLC NC$11.1M · 0.04%
Parrish Tire Company NC$10.9M · 0.56%
4C Holding, LLC NC$10.2M · 0.71%
Affinity Southeast NC$9.8M · 0.59%
Snyder Paper Corporation NC$9.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561130993 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.