Plan Ledger DOL Form 5500 · updated monthly

Sokal Media Group, Inc.401(k)

SOKAL MEDIA GROUP, INC. 401(K) PLAN · HUNTERSVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Sokal Media Group, Inc. reported $17,176 in plan administrative expenses for 2024: 0.34% of average plan assets, below the peer median. Employer contributions averaged $2,556 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 0.10% to 0.34%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,398th of 2,005), and 9,534th of 11,654 in professional & technical services. In 2024, employees put in $1.00 for every $1.00 the employer contributed; active participation has grown from 135 to 178 since 2022.

Plan summary
Net assets, end of year$5,647,267
Participants with balances126
Active participants178
Employer contributions$455,033
Employee contributions$455,080
Employer contribution per active participant$2,556
Average account balance$44,820
Benefits paid to participants$444,126
Plan auditUnmodified (clean) audit opinion
AuditorHFA CERTIFIED PUBLIC ACCOUNTANTS
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 126 accts · $455K emplr
2023$4.4M · 128 accts · $356K emplr
2022$3.1M · 116 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,469
Investment management$707
Total administrative$17,176
The Sokal Media Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,556
Median for plans this size$1,313
2024$2,556 per active participant
2023$2,330 per active participant
2022$1,779 per active participant

Sokal Media Group, Inc.'s 2024 employer contribution ran above the $1,313 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
JOHN HANCOCK · Recordkeeping · Investment advisory (plan)$17,176

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$17,176 · 0.34%
2023$9,710 · 0.26%
2022$3,328 · 0.10%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Vantaca, LLC NC$6.1M · 0.02%
Adwerx, Inc. NC$5.7M · 0.41%
Tsi Healthcare, Inc. NC$5.6M · 0.39%
Bellomy Research NC$5.6M · 0.03%
Bennett Aerospace, Inc. NC$5.5M · 0.75%
P4 Management Corp NC$5.5M · 0.04%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 271368650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.