Plan Ledger DOL Form 5500 · updated monthly

Si East LLC401(k)

SI EAST LLC 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Si East LLC reported $16,237 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,139 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 has held roughly steady near 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,086th of 2,005), and 8,601st of 13,661 in manufacturing. In 2024, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,400,464
Participants with balances157
Active participants152
Employer contributions$325,077
Employee contributions$631,089
Employer contribution per active participant$2,139
Average account balance$66,245
Benefits paid to participants$518,217
Plan auditUnmodified (clean) audit opinion
AuditorGEFFEN MESHER & COMPANY PC
Plan history2
Yearassets · accounts · employer contribution
2024$10.4M · 157 accts · $325K emplr
2023$8.9M · 148 accts · $284K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,475
Investment management$13,762
Total administrative$16,237
The Si East LLC 401(k) match · 2024
Employer contribution per active participant$2,139
Median for plans this size$1,313
2024$2,139 per active participant
2023$1,832 per active participant

Si East LLC's 2024 employer contribution ran above the $1,313 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 · 20242
RBC WEALTH MANAGEMENT · Investment advisory (plan)$13,762
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$2,475

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

Administrative cost history2
2024$16,237 · 0.17%
2023$13,066 · 0.16%
Similar plansManufacturing · North Carolina
Bradford Products, LLC NC$10.5M · 0.19%
Associated Hardwoods, Inc. NC$10.5M · 0.80%
Phononic, Inc NC$10.4M · 0.49%
Huntington House, Inc. NC$10.3M · 0.36%
Egger Wood Products, LLC. NC$10.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 301123496 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.