Plan Ledger DOL Form 5500 · updated monthly

One Source Communications, LLC401(k)

ONE SOURCE 401(K) PROFIT SHARING PLAN & TRUST · GREENVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

One Source Communications, LLC reported $29,884 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $2,765 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 0.38% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,085th of 2,005), and 7,869th of 11,654 in professional & technical services. In 2024, employees put in $1.68 for every $1.00 the employer contributed; active participation has shrunk from 246 to 206 since 2022.

Plan summary
Net assets, end of year$10,409,501
Participants with balances344
Active participants206
Employer contributions$569,651
Employee contributions$956,839
Employer contribution per active participant$2,765
Average account balance$30,260
Benefits paid to participants$1,091,996
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 344 accts · $570K emplr
2023$8.6M · 355 accts · $579K emplr
2022$6.1M · 345 accts · $524K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,930
Investment management$21,954
Total administrative$29,884
The One Source Communications, LLC 401(k) match · 2024
Employer contribution per active participant$2,765
Median for plans this size$1,313
2024$2,765 per active participant
2023$2,505 per active participant
2022$2,132 per active participant

One Source Communications, LLC's 2024 employer contribution ran above the $1,313 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$21,953
ADP, INC. · Loan processing · Recordkeeping$7,930
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$29,884 · 0.32%
2023$21,131 · 0.29%
2022$24,113 · 0.38%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Spreedly Inc. NC$11.3M · 0.78%
Mediant Communications Inc. NC$10.9M · 0.04%
Siteworx Holdings, LLC NC$10.8M · 0.44%
Midan Marketing, LLC NC$10.4M · 0.81%
Hutchens Law Firm, LLP NC$10.1M · 0.45%
Cloud for Good, LLC NC$9.8M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561673241 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.