Plan Ledger DOL Form 5500 · updated monthly

Time Investment Corporation401(k)

TIME INVESTMENT CORPORATION 401(K) P/S PLAN · GREENVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.84%

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

Time Investment Corporation reported $52,112 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,553 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 0.78% to 0.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other management of companies employers. By assets it is among the smaller plans on file in North Carolina (1,322nd of 2,005), and 620th of 786 in management of companies. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 104 to 117 since 2022.

Plan summary
Net assets, end of year$6,710,670
Participants with balances103
Active participants117
Employer contributions$181,678
Employee contributions$343,483
Employer contribution per active participant$1,553
Average account balance$65,152
Benefits paid to participants$226,571
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS, JUDY & TUCKER, P.A.
Plan history3
Yearassets · accounts · employer contribution
2024$6.7M · 103 accts · $182K emplr
2023$5.7M · 98 accts · $161K emplr
2022$4.7M · 91 accts · $167K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,112
Total administrative$52,112
The Time Investment Corporation 401(k) match · 2024
Employer contribution per active participant$1,553
Median for plans this size$1,313
2024$1,553 per active participant
2023$1,425 per active participant
2022$1,606 per active participant

Time Investment Corporation's 2024 employer contribution ran above 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
WELLS FARGO ADVISORS LLC · Investment advisory (participants)$15,349

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$52,112 · 0.84%
2023$43,107 · 0.83%
2022$38,441 · 0.78%
Similar plansManagement of Companies · North Carolina
Murphy Family Ventures, LLC NC$32.5M · 0.28%
Golden Corral Corporation NC$17.3M · 0.16%
Winwood Hospitality Group NC$472K · 1.01%
Won Life Holdings LLC NC$410K · 1.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560810329 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.