Plan Ledger DOL Form 5500 · updated monthly

McConnell Golf, LLC401(k)

MCCONNELL GOLF 401(K) PROFIT SHARING PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.80%

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

McConnell Golf, LLC reported $102,231 in plan administrative expenses for 2024: 0.80% of average plan assets, higher than ~90% of peers. Employer contributions averaged $446 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 0.60% to 0.80%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 929th-largest of 2,005 plans among North Carolina employers on file, and the 549th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $3.15 for every $1.00 the employer contributed; active participation has grown from 475 to 606 since 2022.

Plan summary
Net assets, end of year$13,869,784
Participants with balances274
Active participants606
Employer contributions$270,173
Employee contributions$850,750
Employer contribution per active participant$446
Average account balance$50,620
Benefits paid to participants$760,378
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, JUDY, AND TUCKER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 274 accts · $270K emplr
2023$11.8M · 251 accts · $256K emplr
2022$9.7M · 251 accts · $248K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$102,231
Total administrative$102,231
The McConnell Golf, LLC 401(k) match · 2024
Employer contribution per active participant$446
Median for plans this size$2,416
2024$446 per active participant
2023$484 per active participant
2022$522 per active participant

McConnell Golf, LLC'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 · 20244
MERRILL LYNCH PIERCE FENNER SMITH · Investment advisory (plan)$44,753
QRPS, INC. · Contract administrator$2,017
EMPOWER ADVISORY GROUP, LLC · Investment management$1,059

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$102,231 · 0.80%
2023$82,926 · 0.77%
2022$65,197 · 0.60%
Same employer
Similar plansArts, Entertainment & Recreation · North Carolina
Pinehurst, LLC NC$24.0M · 0.43%
Hornets Basketball, LLC NC$23.7M · 0.42%
Hurricanes Holdings, LLC NC$20.2M · 0.04%
Dej Holdings, LLC NC$15.4M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208350566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.