Plan Ledger DOL Form 5500 · updated monthly

Systel Business Equipment Co., Inc.401(k)

SYSTEL BUSINESS EQUIPMENT CO., INC. 401(K) PSP · FAYETTEVILLE, NC · plan year 2025

Reported admin expense ratio · 2025
0.40%

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

Systel Business Equipment Co., Inc. reported $77,591 in plan administrative expenses for 2025: 0.40% of average plan assets, above the peer median. Employer contributions averaged $657 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 rose from 0.06% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 723rd-largest of 2,005 plans among North Carolina employers on file, and the 659th of 2,096 in real estate & leasing. In 2025, employees put in $5.89 for every $1.00 the employer contributed; active participation has grown from 193 to 221 since 2022.

Plan summary
Net assets, end of year$20,446,957
Participants with balances246
Active participants221
Employer contributions$145,192
Employee contributions$855,512
Employer contribution per active participant$657
Average account balance$83,118
Benefits paid to participants$1,142,134
Plan auditUnmodified (clean) audit opinion
AuditorANDERSON SMITH & WIKE PLLC
Plan history4
Yearassets · accounts · employer contribution
2025$20.4M · 246 accts · $145K emplr
2024$17.9M · 244 accts · $137K emplr
2023$15.9M · 225 accts · $124K emplr
2022$13.6M · 216 accts · $110K emplr
Administrative expenses, itemized · 2025
Investment management$77,591
Total administrative$77,591
The Systel Business Equipment Co., Inc. 401(k) match · 2025
Employer contribution per active participant$657
Median for plans this size$2,666
2025$657 per active participant
2024$629 per active participant
2023$632 per active participant
2022$568 per active participant

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

Service providers · 20254
EMPOWER ADVISORY GROUP, LLC · Investment management$4,213
QRPS, INC. · Contract administrator$1,975
STIFEL NICOLAUS & CO INCindirect comp

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

Administrative cost history4
2025$77,591 · 0.40%
2024$64,882 · 0.38%
2023$45,515 · 0.31%
2022$8,700 · 0.06%
Same employer
Similar plansReal Estate & Leasing · North Carolina
O.R. Colan Associates, LLC NC$27.6M · 0.38%
Grubb Management, LLC NC$21.9M · 0.37%
Allen Tate Real Estate, LLC NC$17.3M · 0.55%
D P Preiss Company Inc NC$15.0M · 0.47%
Trinity Partners, LLC NC$14.6M · 0.52%
Nwr Services, LLC NC$14.4M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561313968 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.