Autism Society of North Carolina, Inc. 401(k) Review & Grade
Autism Society of North Carolina 401(k) Profit Sharing Plan
Raleigh, NCOther Services771 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$372Employer $ per active participant
$937Employee $ saved per active participant
0.81%Direct admin cost, % of plan assets
$8.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost2.4 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 10th |
| Employee saving | 23th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Autism Society of North Carolina put in about $372 per active participant, below the typical peer ($1,257). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.81% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $287,095 |
| Participant (employee) contributions | $722,755 |
| Other contributions (incl. rollovers in) | $38 |
| Administrative expenses paid from the plan | $66,674 |
| Other admin expenses | $24,580 |
| Benefits paid out | $798,028 |
| Net assets, start / end of year | $7.7M / $8.8M |
| Active participants, start / end of year | 807 / 735 |
| Participants with account balances | 203 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Elliott Group Cpas, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $27,094 reported compensation |
| Elliott Group Cpa's, PLLC | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250811140335NAL0006653859001, received 2025-08-11, EIN 23-7087887, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.