Plan Ledger DOL Form 5500 · updated monthly

New Potato Creek Holdings LLC401(k)

TIDAL WAVE AUTO SPA 401(K) PLAN · THOMASTON, GA · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

New Potato Creek Holdings LLC reported $42,528 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $871 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 0.53% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Georgia (1,409th of 2,160), and 1,926th of 3,341 in other services. In 2024, the employer put in $1.77 for every $1.00 employees contributed themselves; active participation has grown from 610 to 2,131 since 2022.

Plan summary
Net assets, end of year$7,601,259
Participants with balances379
Active participants2,131
Employer contributions$1,856,738
Employee contributions$1,050,820
Employer contribution per active participant$871
Average account balance$20,056
Benefits paid to participants$1,124,926
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS AND INGRAM LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 379 accts · $1.9M emplr
2023$4.9M · 236 accts · $820K emplr
2022$1.9M · 165 accts · $531K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,528
Total administrative$42,528
The New Potato Creek Holdings LLC 401(k) match · 2024
Employer contribution per active participant$871
Median for plans this size$1,313
2024$871 per active participant
2023$651 per active participant
2022$870 per active participant

New Potato Creek Holdings LLC's 2024 employer contribution ran below the $1,313 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 · 20243
EMPOWER ADVISORY GROUP, LLC · Investment management$7,927
ERISA SERVICES, INC. · Contract administrator$6,615

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$42,528 · 0.68%
2023$20,251 · 0.60%
2022$6,056 · 0.53%
Same employer
Similar plansOther Services · Georgia
The McGee Group, Inc. GA$10.1M · 0.06%
Bombay Lane, LP GA$7.3M · 1.13%
Piedmont Driving Club GA$7.0M · 0.27%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 862243970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.