Plan Ledger DOL Form 5500 · updated monthly

Renfro Brands LLC401(k)

RENFRO RETIREMENT SAVINGS PLAN · MOUNT AIRY, NC · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Renfro Brands LLC reported $112,754 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $882 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 0.257%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 414th-largest of 2,005 plans among North Carolina employers on file, and the 3,431st of 13,661 in manufacturing. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has shrunk from 1,238 to 1,076 since 2022.

Plan summary
Net assets, end of year$44,199,262
Participants with balances858
Active participants1,076
Employer contributions$949,429
Employee contributions$1,750,950
Employer contribution per active participant$882
Average account balance$51,514
Benefits paid to participants$6,654,852
Plan auditUnmodified (clean) audit opinion
AuditorBUTLER + BURKE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$44.2M · 858 accts · $949K emplr
2023$43.5M · 912 accts · $976K emplr
2022$39.6M · 919 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$112,754
Total administrative$112,754
The Renfro Brands LLC 401(k) match · 2024
Employer contribution per active participant$882
Median for plans this size$2,416
2024$882 per active participant
2023$811 per active participant
2022$828 per active participant

Renfro Brands LLC's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
VALIC RETIREMENT SERVICES COMPANY · Custodial (securities) · Investment advisory (participants)$112,754

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$112,754 · 0.26%
2023$106,497 · 0.26%
2022$109,817 · 0.26%
Same employer
Similar plansManufacturing · North Carolina
Syntha Group, Inc. NC$46.2M · 0.19%
Nederman Holding USA, Inc. NC$45.8M · 0.22%
Stallergenes Greer NC$44.9M · 0.13%
Culp Inc NC$44.7M · 0.30%
Abx Innovative Packaging NC$43.1M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560375140 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.