Plan Ledger DOL Form 5500 · updated monthly

Price Brothers, Inc401(k)

PRICE BROTHERS, INC RETIREMENT PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Price Brothers, Inc reported $80,638 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,123 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 0.01% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 767th-largest of 2,005 plans among North Carolina employers on file, and the 2,117th of 5,337 in construction. In 2024, employees put in $1.72 for every $1.00 the employer contributed; active participation has shrunk from 286 to 213 since 2022.

Plan summary
Net assets, end of year$18,826,156
Participants with balances178
Active participants213
Employer contributions$452,254
Employee contributions$775,856
Employer contribution per active participant$2,123
Average account balance$105,765
Benefits paid to participants$977,490
Plan auditUnmodified (clean) audit opinion
AuditorAAPG, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.8M · 178 accts · $452K emplr
2023$16.7M · 226 accts · $410K emplr
2022$15.0M · 238 accts · $455K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,638
Total administrative$80,638
The Price Brothers, Inc 401(k) match · 2024
Employer contribution per active participant$2,123
Median for plans this size$2,416
2024$2,123 per active participant
2023$1,668 per active participant
2022$1,589 per active participant

Price Brothers, Inc's 2024 employer contribution ran below the $2,416 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$9,147

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$80,638 · 0.45%
2023$68,539 · 0.43%
2022$1,141 · 0.01%
Same employer
Similar plansConstruction · North Carolina
Keith & Keith, LTD. NC$21.2M · 0.43%
Hepaco LLC NC$19.9M · 0.80%
Edwards, Inc. NC$19.2M · 0.55%
Trader Construction Co. NC$18.8M · 0.01%
Century Contractors, Inc. NC$18.7M · 0.13%
Shelco, LLC NC$18.1M · 0.40%
Industrial Air, Inc. NC$17.4M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570719254 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.