Plan Ledger DOL Form 5500 · updated monthly

Tands Inc.401(k)

TANDS INC. & ADOPTING RELATED EMPLOYERS 401K PLAN · KINSTON, NC · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Tands Inc. reported $809 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $36 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 0.03% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,616th of 2,005), and 10,376th of 11,654 in professional & technical services. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,444,599
Participants with balances159
Active participants5,850
Employer contributions$212,552
Employee contributions$361,694
Employer contribution per active participant$36
Average account balance$21,664
Benefits paid to participants$556,469
Plan auditDisclaimer of opinion
AuditorDODSON SHELTON & NELSON P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 159 accts · $213K emplr
2023$3.0M · 120 accts · $22K emplr
2022$3.2M · 118 accts · $21K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$809
Total administrative$809
The Tands Inc. 401(k) match · 2024
Employer contribution per active participant$36
Median for plans this size$1,313
2024$36 per active participant
2023$4 per active participant
2022$4 per active participant

Tands Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$1,409

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$809 · 0.02%
2023$933 · 0.03%
2022$1,135 · 0.03%
Same employer
Similar plansProfessional & Technical Services · North Carolina
IT People Corporation NC$3.6M · 0.75%
L & E Research, Inc. NC$3.6M · 1.08%
Petfolk Inc. NC$3.5M · 0.47%
Avadim Holdings, Inc. NC$3.3M · 1.08%
B&W Fiberglass, Inc. NC$2.9M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561243097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.