Tobacco Rag Processors, Inc.ESOP
TOBACCO RAG PROCESSORS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BLACK CREEK, NC · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Tobacco Rag Processors, Inc. reported $26,547 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $6,834 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.
The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 267th-largest of 2,005 plans among North Carolina employers on file, and the 2,313th of 13,661 in manufacturing. active participation has grown from 160 to 193 since 2022.
Tobacco Rag Processors, Inc.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 562203637 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.