Plan Ledger DOL Form 5500 · updated monthly

Ths National, LLC401(k)

THS NATIONAL 401(K) PLAN · APEX, NC · plan year 2024

Reported admin expense ratio · 2024
1.06%

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

Ths National, LLC reported $27,760 in plan administrative expenses for 2024: 1.06% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,202 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 rose from 0.37% to 1.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in North Carolina (1,648th of 2,005), and 4,510th of 5,337 in construction. In 2024, employees put in $3.09 for every $1.00 the employer contributed; active participation has grown from 104 to 136 since 2022.

Plan summary
Net assets, end of year$3,063,689
Participants with balances133
Active participants136
Employer contributions$163,453
Employee contributions$505,588
Employer contribution per active participant$1,202
Average account balance$23,035
Benefits paid to participants$141,463
Plan auditUnmodified (clean) audit opinion
AuditorELLIOTT DAVIS, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 133 accts · $163K emplr
2023$2.2M · 116 accts · $78K emplr
2022$1.4M · 108 accts · $77K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,042
Investment management$718
Total administrative$27,760
The Ths National, LLC 401(k) match · 2024
Employer contribution per active participant$1,202
Median for plans this size$1,313
2024$1,202 per active participant
2023$699 per active participant
2022$737 per active participant

Ths National, LLC's 2024 employer contribution ran below the $1,313 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Plan administrator · Trustee (discretionary)$27,042

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$27,760 · 1.06%
2023$14,965 · 0.83%
2022$5,068 · 0.37%
Same employer
Similar plansConstruction · North Carolina
Riverwild, LLC NC$3.1M · 1.33%
Beco, Inc. NC$3.0M · 1.11%
Marand Builders, Inc. NC$2.9M · 0.83%
Pitt Electric, Ori, LLC NC$2.8M · 1.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273957007 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.