Plan Ledger DOL Form 5500 · updated monthly

South Atlantic Services, Inc.401(k)

SOUTH ATLANTIC SERVICES, INC. 401(K) PLAN · WILMINGTON, NC · plan year 2025

Reported admin expense ratio · 2025
0.31%

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

South Atlantic Services, Inc. reported $58,709 in plan administrative expenses for 2025: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,321 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 3 years on file its reported administrative ratio fell from 0.36% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other other services employers. By assets it is the 721st-largest of 2,005 plans among North Carolina employers on file, and the 1,038th of 3,341 in other services. In 2025, employees put in $1.96 for every $1.00 the employer contributed; active participation has shrunk from 280 to 239 since 2022.

Plan summary
Net assets, end of year$20,602,206
Participants with balances256
Active participants239
Employer contributions$554,734
Employee contributions$1,086,409
Employer contribution per active participant$2,321
Average account balance$80,477
Benefits paid to participants$1,316,733
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, JUDY & TUCKER, PA
Plan history4
Yearassets · accounts · employer contribution
2025$20.6M · 256 accts · $555K emplr
2024$17.8M · 297 accts · $579K emplr
2023$15.1M · 318 accts · $534K emplr
2022$13.0M · 294 accts · $487K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$32,567
Investment management$26,142
Total administrative$58,709
The South Atlantic Services, Inc. 401(k) match · 2025
Employer contribution per active participant$2,321
Median for plans this size$2,666
2025$2,321 per active participant
2024$2,044 per active participant
2023$1,848 per active participant
2022$1,741 per active participant

South Atlantic Services, Inc.'s 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$24,867
QRPS, INC. · Recordkeeping · Loan processing$7,700
CAPTRUST FINANCIAL ADVISORS · Investment advisory (plan)$26,142

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

Recordkeeper by year3
2025QRPS, INC., Transamerica
2024QRPS, INC., Transamerica
2023QRPS, INC., Transamerica

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Administrative cost history4
2025$58,709 · 0.31%
2024$58,472 · 0.36%
2023$49,392 · 0.35%
2022$49,823 · 0.36%
Same employer
Similar plansOther Services · North Carolina
Autobell Car Wash, Inc. NC$21.2M · 0.25%
Charlotte Christian School NC$16.8M · 0.00%
Cfsc Shared Services LLC NC$16.2M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560956028 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.