Plan Ledger DOL Form 5500 · updated monthly

Shurtape Technologies LLC401(k)

THE SHURTAPE TECHNOLOGIES PROFIT SHARING AND RETIREMENT SAVINGS PLAN · HICKORY, NC · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Shurtape Technologies LLC reported $237,527 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $2,906 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 0.22% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 156th-largest of 2,005 plans among North Carolina employers on file, and the 1,487th of 13,661 in manufacturing. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$140,884,785
Participants with balances1,744
Active participants1,406
Employer contributions$4,085,479
Employee contributions$8,188,920
Employer contribution per active participant$2,906
Average account balance$80,783
Benefits paid to participants$12,280,595
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$140.9M · 1,744 accts · $4.1M emplr
2023$114.9M · 1,629 accts · $2.3M emplr
2022$97.5M · 1,675 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$153,549
Investment management$72,416
Audit (IQPA)$10,500
Total administrative$237,527
The Shurtape Technologies LLC 401(k) match · 2024
Employer contribution per active participant$2,906
Median for plans this size$3,635
2024$2,906 per active participant
2023$1,857 per active participant
2022$1,646 per active participant

Shurtape Technologies LLC's 2024 employer contribution ran below the $3,635 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 · 20244
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$153,549
CAPTRUST FINANCIAL ADVISORS$54,025
TROUTMAN SANDERS LLP$18,391
FORVIS · Accounting / audit$10,500

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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Administrative cost history3
2024$237,527 · 0.19%
2023$228,346 · 0.21%
2022$229,239 · 0.22%
Same employer
Similar plansManufacturing · North Carolina
Unifi, Inc. NC$157.9M · 0.12%
Butterball, LLC NC$155.6M · 0.14%
Bell and Howell, LLC NC$144.6M · 0.07%
Glatfelter Corporation NC$142.7M · 0.09%
Nn, Inc. NC$127.0M · 0.06%
Glen Raven, Inc. NC$113.3M · 0.17%
Sgl Carbon, LLC NC$113.0M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561941023 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.