Plan Ledger DOL Form 5500 · updated monthly

McNeely Companies401(k)

MCNEELY COMPANIES 401(K) PLAN · SAPPHIRE, NC · plan year 2025

Reported admin expense ratio · 2025
0.58%

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

McNeely Companies reported $91,658 in plan administrative expenses for 2025: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,427 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 rose from 0.43% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 801st-largest of 2,005 plans among North Carolina employers on file, and the 826th of 2,677 in transportation & warehousing. In 2025, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 139 to 177 since 2022.

Plan summary
Net assets, end of year$17,155,558
Participants with balances173
Active participants177
Employer contributions$429,566
Employee contributions$772,437
Employer contribution per active participant$2,427
Average account balance$99,165
Benefits paid to participants$899,049
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history4
Yearassets · accounts · employer contribution
2025$17.2M · 173 accts · $430K emplr
2024$14.5M · 168 accts · $392K emplr
2023$12.2M · 151 accts · $369K emplr
2022$9.9M · 152 accts · $344K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$88,824
Investment management$2,834
Total administrative$91,658
The McNeely Companies 401(k) match · 2025
Employer contribution per active participant$2,427
Median for plans this size$2,666
2025$2,427 per active participant
2024$2,360 per active participant
2023$2,562 per active participant
2022$2,475 per active participant

McNeely Companies's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
EMPOWER ADVISORY GROUP, LLC · Investment management$2,834
MORGAN STANLEY SMITH BARNEY LLCindirect comp

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

Administrative cost history4
2025$91,658 · 0.58%
2024$70,616 · 0.53%
2023$47,153 · 0.43%
2022$44,727 · 0.43%
Similar plansTransportation & Warehousing · North Carolina
Hilco Holdings, Inc. NC$19.7M · 0.64%
Freight Handlers, Inc. NC$18.2M · 0.08%
Hilco Transport, Inc. NC$16.9M · 0.61%
Best Services Group, Inc. NC$16.2M · 0.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561223676 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.