Plan Ledger DOL Form 5500 · updated monthly

Western Carolina Community Action, Inc.403(b)

WESTERN CAROLINA COMMUNITY ACTION, INC. 403(B) PLAN · HENDERSONVILLE, NC · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Western Carolina Community Action, Inc. reported $18,098 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $2,777 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 0.19% to 0.23%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,204th of 2,005), and 6,228th of 11,911 in health care & social assistance. In 2024, employees put in $1.04 for every $1.00 the employer contributed; active participation has grown from 168 to 216 since 2022.

Plan summary
Net assets, end of year$8,553,542
Participants with balances294
Active participants216
Employer contributions$599,859
Employee contributions$624,674
Employer contribution per active participant$2,777
Average account balance$29,094
Benefits paid to participants$749,521
Plan auditUnmodified (clean) audit opinion
AuditorCARTER, PC
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 294 accts · $600K emplr
2023$7.3M · 281 accts · $513K emplr
2022$6.0M · 358 accts · $469K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,098
Total administrative$18,098
Employer contributions to the Western Carolina Community Action, Inc. plan · 2024
Employer contribution per active participant$2,777
Median for plans this size$1,313
2024$2,777 per active participant
2023$2,502 per active participant
2022$2,790 per active participant

Western Carolina Community Action, Inc.'s 2024 employer contribution ran above the $1,313 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.

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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$18,098
WELLS FARGO CLEARING SERVICES LLC · Other servicesindirect comp
NEWPORT GROUP, INC. · Other servicesindirect comp
WILSHIRE ADVISORS, LLC · Investment advisory (plan)indirect comp

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$18,098 · 0.23%
2023$18,220 · 0.27%
2022$12,321 · 0.19%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Ridge Care NC$8.9M · 0.38%
Trinity Rehab, LLC NC$8.7M · 0.64%
Healthgram, Inc. NC$8.4M · 0.80%
Life, Inc. NC$8.3M · 0.52%
Mako Medical Laboratories NC$8.1M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560846319 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.