Plan Ledger DOL Form 5500 · updated monthly

Second Nature401(k)

SECOND NATURE RETIREMENT PLAN · RALEIGH, NC · plan year 2023

Reported admin expense ratio · 2023
1.43%

Second Nature reported $29,458 in plan administrative expenses for 2023: 1.43% of average plan assets, higher than ~90% of peers. 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 has held roughly steady near 1.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,719th of 2,005), and 10,708th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$2,504,340
Participants with balances366
Active participants389
Employer contributions—
Employee contributions$410,367
Employer contribution per active participant—
Average account balance$6,842
Benefits paid to participants$88,360
Plan auditUnmodified (clean) audit opinion
AuditorHUGHES PITTMAN & GUPTON, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$2.5M · 366 accts
2022$1.6M · 344 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,257
Investment management$10,538
Trustee / custodial$663
Total administrative$29,458
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
DECIMAL,INC. · Plan administrator · Recordkeeping$18,255
FORTRESS FINANCIAL PARTNERS · Investment advisory (plan) · Investment management$10,538

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

Administrative cost history3
2024Not separately reported
2023$29,458 · 1.43%
2022$25,503 · 1.45%
Same employer
Similar plansProfessional & Technical Services · North Carolina
B&W Fiberglass, Inc. NC$2.9M · 0.59%
Stridebio, Inc. NC$2.8M · 0.21%
Geo Owl LLC NC$2.3M
Oyster HR Inc. NC$2.0M · 1.86%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800963336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.