Plan Ledger DOL Form 5500 · updated monthly

Reged, Inc.401(k)

REGED 401(K) PLAN · MORRISVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Reged, Inc. reported $63,367 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $1,876 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 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 485th-largest of 2,005 plans among North Carolina employers on file, and the 331st of 786 in management of companies. In 2024, employees put in $4.51 for every $1.00 the employer contributed; active participation has grown from 298 to 364 since 2022.

Plan summary
Net assets, end of year$37,265,768
Participants with balances394
Active participants364
Employer contributions$682,729
Employee contributions$3,079,738
Employer contribution per active participant$1,876
Average account balance$94,583
Benefits paid to participants$2,294,628
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON & COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$37.3M · 394 accts · $683K emplr
2023$30.3M · 395 accts · $608K emplr
2022$23.9M · 340 accts · $535K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,371
Investment management$14,996
Total administrative$63,367
The Reged, Inc. 401(k) match · 2024
Employer contribution per active participant$1,876
Median for plans this size$2,416
2024$1,876 per active participant
2023$1,669 per active participant
2022$1,796 per active participant

Reged, 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$48,371
WELLS FARGO ADVISORS · Investment advisory (plan)$14,996

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$63,367 · 0.19%
2023$68,744 · 0.25%
2022$81,025 · 0.31%
Same employer
Similar plansManagement of Companies · North Carolina
Iqvia Inc. NC$3.6B · 0.05%
Ralliant Corporation NC$754.6M · 0.05%
Indicor LLC NC$167.6M · 0.09%
Mercalis Inc NC$69.2M · 0.34%
Murphy Family Ventures, LLC NC$32.5M · 0.28%
Golden Corral Corporation NC$17.3M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561834249 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.