Plan Ledger DOL Form 5500 · updated monthly

Starnes Pallet Service, Inc.Profit-sharing plan

STARNES PALLET PROFIT SHARING PLAN · CHARLOTTE, NC · plan year 2022

Reported admin expense ratio · 2022
0.47%

Starnes Pallet Service, Inc. reported $8,056 in plan administrative expenses for 2022: 0.47% of average plan assets, below the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in North Carolina (1,827th of 2,005), and 13,013th of 13,661 in manufacturing.

Plan summary
Net assets, end of year$1,592,136
Participants with balances98
Active participants90
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$16,246
Benefits paid to participants$25,683
Plan auditUnmodified (clean) audit opinion
AuditorDODSON, SHELTON & NELSON, P.A.
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$8,056
Total administrative$8,056
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$8,056 · 0.47%
Same employer
Similar plansManufacturing · North Carolina
Napco Inc. NC$1.7M · 0.67%
Iconic Marine Group NC$1.6M · 2.13%
Accu-Fab, Inc. NC$1.6M · 0.63%
Lenoir Mirror Company NC$1.5M · 0.36%
Sapona Yarns, LLC NC$1.3M · 1.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561868702 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.