Plan Ledger DOL Form 5500 · updated monthly

North Ridge Country Club, Inc.401(k)

NORTH RIDGE COUNTRY CLUB 401(K) EMPLOYEE SAVINGS AND RETIREMENT PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

North Ridge Country Club, Inc. reported $13,208 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $829 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 0.31% to 0.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is among the smaller plans on file in North Carolina (1,421st of 2,005), and 906th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $2.69 for every $1.00 the employer contributed; active participation has grown from 125 to 154 since 2022.

Plan summary
Net assets, end of year$5,408,419
Participants with balances175
Active participants154
Employer contributions$127,736
Employee contributions$343,964
Employer contribution per active participant$829
Average account balance$30,905
Benefits paid to participants$349,709
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 175 accts · $128K emplr
2023$4.5M · 149 accts · $102K emplr
2022$4.0M · 133 accts · $83K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,219
Investment management$8,989
Total administrative$13,208
The North Ridge Country Club, Inc. 401(k) match · 2024
Employer contribution per active participant$829
Median for plans this size$1,313
2024$829 per active participant
2023$448 per active participant
2022$662 per active participant

North Ridge Country Club, Inc.'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 · 20241
ALERUS RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$13,208

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$13,208 · 0.27%
2023$10,954 · 0.26%
2022$13,025 · 0.31%
Same employer
Similar plansArts, Entertainment & Recreation · North Carolina
Myers Park Country Club NC$6.5M · 0.74%
Mint Museum of Art, Inc. NC$5.9M · 0.23%
Discovery Place, Inc. NC$5.9M · 0.79%
Greensboro Country Club NC$5.4M · 0.43%
World Racing Group, Inc. NC$2.5M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560897144 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.