Plan Ledger DOL Form 5500 · updated monthly

Parker Poe Adams & Bernstein LLP401(k)

THE PARKER POE ADAMS & BERNSTEIN LLP 401(K) PROFIT SHARING PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Parker Poe Adams & Bernstein LLP reported $120,433 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,703 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 3 years on file its reported administrative ratio has held roughly steady near 0.061%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 119th-largest of 2,005 plans among North Carolina employers on file, and the 785th of 11,654 in professional & technical services. In 2024, employees put in $1.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$206,582,022
Participants with balances665
Active participants491
Employer contributions$5,255,125
Employee contributions$6,860,717
Employer contribution per active participant$10,703
Average account balance$310,650
Benefits paid to participants$19,161,805
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$206.6M · 665 accts · $5.3M emplr
2023$186.8M · 635 accts · $4.6M emplr
2022$158.2M · 625 accts · $4.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$120,433
Total administrative$120,433
The Parker Poe Adams & Bernstein LLP 401(k) match · 2024
Employer contribution per active participant$10,703
Median for plans this size$3,635
2024$10,703 per active participant
2023$9,907 per active participant
2022$9,601 per active participant

Parker Poe Adams & Bernstein LLP's 2024 employer contribution ran above the $3,635 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 · 20241
EMPOWER ANNUITY INSURANCE COMPANY O · Loan processing · Recordkeeping$120,433

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

Recordkeeper by year2
2024Empower
2023Empower

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

Administrative cost history3
2024$120,433 · 0.06%
2023$104,771 · 0.06%
2022$107,031 · 0.06%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Hoffman & Hoffman, Inc. NC$389.3M · 0.06%
Family Health International NC$257.9M · 0.04%
Inmar, Inc. NC$240.9M · 0.07%
Avidxchange, Inc. NC$120.5M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560928467 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.