Plan Ledger DOL Form 5500 · updated monthly

Scottmadden, Inc.401(k)

SCOTTMADDEN, INC. 401(K) PROFIT SHARING PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Scottmadden, Inc. reported $56,471 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $7,900 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 0.077%. 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 251st-largest of 2,005 plans among North Carolina employers on file, and the 1,824th of 11,654 in professional & technical services. In 2024, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$80,081,627
Participants with balances278
Active participants216
Employer contributions$1,706,324
Employee contributions$3,264,166
Employer contribution per active participant$7,900
Average account balance$288,063
Benefits paid to participants$3,674,133
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$80.1M · 278 accts · $1.7M emplr
2023$67.4M · 264 accts · $1.3M emplr
2022$56.8M · 249 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,471
Total administrative$56,471
The Scottmadden, Inc. 401(k) match · 2024
Employer contribution per active participant$7,900
Median for plans this size$3,635
2024$7,900 per active participant
2023$5,933 per active participant
2022$9,135 per active participant

Scottmadden, Inc.'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$55,292

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$56,471 · 0.08%
2023$52,834 · 0.09%
2022$49,109 · 0.08%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Flexential Corp. NC$100.1M · 0.11%
McKim & Creed, Inc. NC$80.6M · 0.01%
Transportation Insight, LLC NC$76.8M · 0.10%
Rho, Inc. NC$75.3M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 561445505 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.