Plan Ledger DOL Form 5500 · updated monthly

Stewart Engineering Inc.401(k)

STEWART ENGINEERING, INC. 401(K) PLAN · RALEIGH, 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

Stewart Engineering Inc. reported $45,730 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,216 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 0.38% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 888th-largest of 2,005 plans among North Carolina employers on file, and 6,601st of 11,654 in professional & technical services. In 2024, employees put in $3.52 for every $1.00 the employer contributed; active participation has shrunk from 183 to 126 since 2022.

Plan summary
Net assets, end of year$14,834,132
Participants with balances159
Active participants126
Employer contributions$279,182
Employee contributions$981,770
Employer contribution per active participant$2,216
Average account balance$93,296
Benefits paid to participants$2,491,368
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.8M · 159 accts · $279K emplr
2023$13.9M · 182 accts · $514K emplr
2022$12.4M · 182 accts · $545K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,115
Investment management$13,615
Total administrative$45,730
The Stewart Engineering Inc. 401(k) match · 2024
Employer contribution per active participant$2,216
Median for plans this size$2,416
2024$2,216 per active participant
2023$3,449 per active participant
2022$2,977 per active participant

Stewart Engineering Inc.'s 2024 employer contribution ran below the $2,416 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
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$32,116
PNC BANK AMG OPS FEE GROUP · Investment advisory (plan)$13,615

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$45,730 · 0.32%
2023$45,977 · 0.35%
2022$50,343 · 0.38%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Brock & Scott PLLC NC$15.4M · 0.74%
Wray Ward, LLC NC$15.1M · 0.17%
Strawbridge Studios, Inc. NC$15.0M · 0.78%
Bavarian Nordic, Inc. NC$14.8M · 0.19%
Gk Software USA, Inc. NC$14.8M · 0.03%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 561854766 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.