Plan Ledger DOL Form 5500 · updated monthly

National College Advising Corps401(k)

COLLEGE ADVISING CORPS 401(K) PLAN · RALEIGH, NC · plan year 2023

Reported admin expense ratio · 2023
1.26%

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

National College Advising Corps reported $29,896 in plan administrative expenses for 2023: 1.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,826 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 1 year on file its reported administrative ratio fell from 1.37% to 1.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in North Carolina (1,706th of 2,005), and 2,783rd of 3,091 in educational services. In 2023, employees put in $1.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,636,003
Participants with balances99
Active participants45
Employer contributions$127,166
Employee contributions$228,167
Employer contribution per active participant$2,826
Average account balance$26,626
Benefits paid to participants$237,748
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$2.6M · 99 accts · $127K emplr
2022$2.1M · 110 accts · $123K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,423
Investment management$473
Total administrative$29,896
The National College Advising Corps 401(k) match · 2023
Employer contribution per active participant$2,826
Median for plans this size$1,308
2023$2,826 per active participant
2022$3,326 per active participant

National College Advising Corps's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$944
WILSHIRE ASSOCIATES INC · Investment advisory (participants)$473

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

Administrative cost history2
2023$29,896 · 1.26%
2022$30,657 · 1.37%
Similar plansEducational Services · North Carolina
St. Timothys School, Inc. NC$2.9M · 0.01%
Gaston Day School, Inc. NC$2.4M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461192687 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.