Plan Ledger DOL Form 5500 · updated monthly

Tep Holdings, LLC401(k)

TEP HOLDINGS 401(K) PLAN · RALEIGH, NC · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Tep Holdings, LLC reported $190,817 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,771 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 0.63% to 0.54%. 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 467th-largest of 2,005 plans among North Carolina employers on file, and the 3,384th of 11,654 in professional & technical services. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 802 to 979 since 2022.

Plan summary
Net assets, end of year$38,857,419
Participants with balances1,115
Active participants979
Employer contributions$1,733,341
Employee contributions$3,162,891
Employer contribution per active participant$1,771
Average account balance$34,850
Benefits paid to participants$3,644,935
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.9M · 1,115 accts · $1.7M emplr
2023$32.3M · 1,079 accts · $1.7M emplr
2022$24.7M · 1,007 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$118,812
Investment management$72,005
Total administrative$190,817
The Tep Holdings, LLC 401(k) match · 2024
Employer contribution per active participant$1,771
Median for plans this size$2,416
2024$1,771 per active participant
2023$2,380 per active participant
2022$1,954 per active participant

Tep Holdings, LLC'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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$19,896
MERRILL LYNCH · Investment advisory (participants)$72,005

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$190,817 · 0.54%
2023$190,827 · 0.67%
2022$158,533 · 0.63%
Similar plansProfessional & Technical Services · North Carolina
Rcr Enterprises, LLC NC$39.0M · 0.27%
Medcost, LLC NC$38.9M · 0.36%
Clinipace Inc NC$38.4M · 0.19%
Dystar LP NC$38.3M · 0.17%
Landdesign, Inc. NC$37.4M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472397460 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.