Plan Ledger DOL Form 5500 · updated monthly

Medical Review of North Carolina, Inc.401(k)

THE CAROLINAS CENTER FOR MEDICAL EXCELLENCE 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Medical Review of North Carolina, Inc. reported $27,600 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $2,914 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 0.21% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 864th-largest of 2,005 plans among North Carolina employers on file, and the 1,274th of 3,341 in other services. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 67 to 85 since 2022.

Plan summary
Net assets, end of year$15,376,977
Participants with balances145
Active participants85
Employer contributions$247,656
Employee contributions$388,639
Employer contribution per active participant$2,914
Average account balance$106,048
Benefits paid to participants$407,578
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 145 accts · $248K emplr
2023$13.1M · 122 accts · $222K emplr
2022$11.4M · 127 accts · $150K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$250
Investment management$27,350
Total administrative$27,600
The Medical Review of North Carolina, Inc. 401(k) match · 2024
Employer contribution per active participant$2,914
Median for plans this size$2,416
2024$2,914 per active participant
2023$3,167 per active participant
2022$2,241 per active participant

Medical Review of North Carolina, Inc.'s 2024 employer contribution ran above 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
ADVISORY SERVICES NETWORK LLC · Investment advisory (plan)$27,350
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$250

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$27,600 · 0.19%
2023$24,415 · 0.20%
2022$27,411 · 0.21%
Similar plansOther Services · North Carolina
Charlotte Christian School NC$16.8M · 0.00%
Cfsc Shared Services LLC NC$16.2M · 0.45%
Credible Labs, Inc. NC$14.9M · 0.02%
Monarch NC$14.6M · 0.21%
Boon Edam, Inc. NC$14.5M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581567854 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.