Plan Ledger DOL Form 5500 · updated monthly

Nc Employment Group, Inc.401(k)

NEAL COMMUNITIES 401(K) PLAN · SARASOTA, FL · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Nc Employment Group, Inc. reported $100,908 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $4,683 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 0.00% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 686th-largest of 3,644 plans among Florida employers on file, and the 1,319th of 5,337 in construction. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 232 to 344 since 2022.

Plan summary
Net assets, end of year$37,032,338
Participants with balances401
Active participants344
Employer contributions$1,610,979
Employee contributions$2,693,689
Employer contribution per active participant$4,683
Average account balance$92,350
Benefits paid to participants$1,778,956
Plan auditUnmodified (clean) audit opinion
AuditorPRICEKUBECKA
Plan history3
Yearassets · accounts · employer contribution
2024$37.0M · 401 accts · $1.6M emplr
2023$29.9M · 340 accts · $1.4M emplr
2022$23.7M · 268 accts · $201K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,062
Investment management$63,846
Total administrative$100,908
The Nc Employment Group, Inc. 401(k) match · 2024
Employer contribution per active participant$4,683
Median for plans this size$2,416
2024$4,683 per active participant
2023$4,555 per active participant
2022$868 per active participant

Nc Employment Group, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
HBKS WEALTH ADVISORS · Investment advisory (plan)$63,846
FIDELITY WORKPLACE SERVICES LLC · Loan processing$37,062

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$100,908 · 0.30%
2023$61,990 · 0.23%
2022$325 · 0.00%
Similar plansConstruction · Florida
The de Moya Group, Inc. FL$44.4M · 0.22%
Anderson Columbia Co., Inc. FL$44.3M · 0.76%
Lsp Holdco LLC FL$35.2M · 0.56%
Apg Electric, Inc FL$33.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591462889 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.