Plan Ledger DOL Form 5500 · updated monthly

North Carolina Farm Bureau Federation, Inc.401(k)

EMPLOYEES' 401(K) PLAN OF THE NORTH CAROLINA FARM BUREAU FEDERATION, INC. · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.31%

North Carolina Farm Bureau Federation, Inc. reported $20,819 in plan administrative expenses for 2024: 0.31% of average plan assets, below the peer median. 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 0.33% to 0.31%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in North Carolina (1,300th of 2,005), and 4,273rd of 4,798 in finance & insurance.

Plan summary
Net assets, end of year$7,050,465
Participants with balances307
Active participants608
Employer contributions—
Employee contributions$712,918
Employer contribution per active participant—
Average account balance$22,966
Benefits paid to participants$1,033,383
Plan auditUnmodified (clean) audit opinion
AuditorAT ALLEN & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 307 accts
2023$6.5M · 294 accts
2022$5.6M · 275 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,819
Total administrative$20,819
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$20,818
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$20,819 · 0.31%
2023$21,540 · 0.36%
2022$19,050 · 0.33%
Same employer
Similar plansFinance & Insurance · North Carolina
Champion Credit Union NC$9.8M · 0.21%
Quility Holding, LLC NC$6.8M · 1.15%
Acs Benefit Services, LLC NC$6.4M · 0.47%
Wolfe Financial Inc NC$4.9M · 0.36%
Messer Financial Group NC$4.6M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560340590 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.