Plan Ledger DOL Form 5500 · updated monthly

Zealandia Holding Company, Inc.ESOP

ZEALANDIA HOLDING COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLAN · ASHEVILLE, NC · plan year 2023

Reported admin expense ratio · 2023
0.52%

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

Zealandia Holding Company, Inc. reported $126,257 in plan administrative expenses for 2023: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,687 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 3 years on file its reported administrative ratio has held roughly steady near 0.315%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other information & media employers. By assets it is the 638th-largest of 2,005 plans among North Carolina employers on file, and the 887th of 2,199 in information & media.

Plan summary
Net assets, end of year$24,902,827
Participants with balances717
Active participants208
Employer contributions$766,963
Employee contributions—
Employer contribution per active participant$3,687
Average account balance$34,732
Benefits paid to participants$914,439
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM, SMITH, + BROWN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$22.4M · 728 accts · $975K emplr
2023$24.9M · 717 accts · $767K emplr
2022$24.1M · 716 accts · $157K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$67,205
Audit (IQPA)$9,880
Trustee / custodial$2,781
Total administrative$126,257
Employer contributions to the Zealandia Holding Company, Inc. plan · 2023
Employer contribution per active participant$3,687
Median for plans this size$2,440
2024$3,962 per active participant
2023$3,687 per active participant
2022$703 per active participant

Zealandia Holding Company, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PRINCIPAL FINANCIAL · Recordkeeping$54,294
STOUT RISIUS ROSS, INC · Valuation$38,980
ASSURED PARTNERS OF NORTH CAROLINA · Insurance broker$13,391
WITHUM SMITH & BROWN · Accounting / audit$9,880

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Principal
2023Principal

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Administrative cost history3
2024$74,378 · 0.31%
2023$126,257 · 0.52%
2022$77,284 · 0.31%
All plans at this employer2
ZEALANDIA HOLDING COMPANY, INC. 401(K) PLAN401(k)
ZEALANDIA HOLDING COMPANY, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansInformation & Media · North Carolina
Relay, Inc. NC$27.7M · 0.26%
Ascom US, Inc. NC$25.8M · 0.40%
Telit Iot Solutions, Inc. NC$25.1M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203074642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.