Plan Ledger DOL Form 5500 · updated monthly

Spatco Energy Solutions, LLC401(k)

SPATCO ENERGY SOLUTIONS 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Spatco Energy Solutions, LLC reported $109,908 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,123 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 0.58% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 478th-largest of 2,005 plans among North Carolina employers on file, and the 3,809th of 13,661 in manufacturing. In 2024, employees put in $3.11 for every $1.00 the employer contributed; active participation has grown from 589 to 1,222 since 2022.

Plan summary
Net assets, end of year$38,151,477
Participants with balances1,170
Active participants1,222
Employer contributions$1,372,149
Employee contributions$4,272,958
Employer contribution per active participant$1,123
Average account balance$32,608
Benefits paid to participants$5,578,943
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.2M · 1,170 accts · $1.4M emplr
2023$29.7M · 772 accts · $589K emplr
2022$16.6M · 663 accts · $493K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,390
Investment management$14,767
Total administrative$109,908
The Spatco Energy Solutions, LLC 401(k) match · 2024
Employer contribution per active participant$1,123
Median for plans this size$2,416
2024$1,123 per active participant
2023$827 per active participant
2022$836 per active participant

Spatco Energy Solutions, LLC'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$91,390
CREATIVE PLANNING LLC · Investment advisory (plan)$14,767

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$109,908 · 0.32%
2023$112,357 · 0.48%
2022$102,617 · 0.58%
Same employer
Similar plansManufacturing · North Carolina
Kayser-Roth Corporation NC$39.4M · 0.33%
Cormetech, Inc. NC$39.2M · 0.12%
Akg North America, Inc. NC$39.1M · 0.44%
Archroma U.S., Inc. NC$38.8M · 0.09%
Turbocoating Corp. NC$36.8M · 0.19%
Pine Hall Brick Co., Inc. NC$36.0M · 0.04%
Endura Products, Inc. NC$35.5M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843846075 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.