Plan Ledger DOL Form 5500 · updated monthly

Sellethics Marketing Group, Inc.401(k)

SELLETHICS MARKETING GROUP, INC. EMPLOYEES' 401(K) PLAN · MATTHEWS, NC · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Sellethics Marketing Group, Inc. reported $34,696 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $461 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 0.20% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 889th-largest of 2,005 plans among North Carolina employers on file, and 6,605th of 11,654 in professional & technical services. In 2024, employees put in $8.06 for every $1.00 the employer contributed; active participation has shrunk from 382 to 329 since 2022.

Plan summary
Net assets, end of year$14,823,523
Participants with balances184
Active participants329
Employer contributions$151,660
Employee contributions$1,222,946
Employer contribution per active participant$461
Average account balance$80,563
Benefits paid to participants$1,554,106
Plan auditUnmodified (clean) audit opinion
AuditorMELISSA G. CRITCHER, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 184 accts · $152K emplr
2023$13.4M · 177 accts · $128K emplr
2022$13.7M · 224 accts · $187K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,896
Audit (IQPA)$5,800
Total administrative$34,696
The Sellethics Marketing Group, Inc. 401(k) match · 2024
Employer contribution per active participant$461
Median for plans this size$2,416
2024$461 per active participant
2023$411 per active participant
2022$490 per active participant

Sellethics Marketing Group, Inc.'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 · 20242
LINCOLN NATIONAL CORPORATION · Contract administrator$28,896
MELISSA G. CRITCHER, CPA, PC · Accounting / audit$5,800

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$34,696 · 0.25%
2023$26,625 · 0.20%
2022$28,544 · 0.20%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 562119424 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.