Plan Ledger DOL Form 5500 · updated monthly

Usfalcon, Inc.401(k)

USFALCON, INC. 401(K) PROFIT SHARING PLAN & TRUST · CARY, NC · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Usfalcon, Inc. reported $113,614 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $2,092 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 0.43% to 0.35%. 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 518th-largest of 2,005 plans among North Carolina employers on file, and the 3,853rd of 11,654 in professional & technical services. In 2024, employees put in $5.02 for every $1.00 the employer contributed; active participation has shrunk from 281 to 242 since 2022.

Plan summary
Net assets, end of year$33,171,406
Participants with balances478
Active participants242
Employer contributions$506,279
Employee contributions$2,540,763
Employer contribution per active participant$2,092
Average account balance$69,396
Benefits paid to participants$4,982,431
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 478 accts · $506K emplr
2023$31.0M · 491 accts · $549K emplr
2022$28.4M · 540 accts · $632K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,612
Investment management$62,002
Total administrative$113,614
The Usfalcon, Inc. 401(k) match · 2024
Employer contribution per active participant$2,092
Median for plans this size$2,416
2024$2,092 per active participant
2023$2,439 per active participant
2022$2,248 per active participant

Usfalcon, Inc.'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
REGIONS BANK · Investment advisory (plan)$62,002
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$51,612

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$113,614 · 0.35%
2023$108,452 · 0.37%
2022$141,471 · 0.43%
Same employer
Similar plansProfessional & Technical Services · North Carolina
Parata Systems, LLC NC$33.7M · 0.34%
Apiture, Inc NC$33.6M · 0.07%
Paymentus Group, Inc. NC$31.3M · 0.13%
Corvid Technologies, LLC NC$30.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043468856 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.