Employers › North State Bank
Recordkeeping fees per participant · North State Bank 401(k) Plan and ESOP · plan year 2024
$5.25
Higher than 4% of the 14,075 plans $10 to 50M that report it.
= $1,692 / 322
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250813091408NAL0025135842001, received 2025-08-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250813091408NAL0025135842001, received 2025-08-13
Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-13.
Administrative expenses excluding investment management, per participant
$293.53
Higher than 86% of the 24,371 plans $10 to 50M that report it.
= $94,516 / 322
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250813091408NAL0025135842001, received 2025-08-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250813091408NAL0025135842001, received 2025-08-13
Administrative expenses per participant
$293.53
Higher than 71% of the 25,098 plans $10 to 50M that report it.
= $94,516 / 322
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250813091408NAL0025135842001, received 2025-08-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250813091408NAL0025135842001, received 2025-08-13
Administrative expenses as a share of assets
0.306%
Higher than 53% of the 25,132 plans $10 to 50M that report it.
= $94,516 / $30,887,510
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250813091408NAL0025135842001, received 2025-08-13
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250813091408NAL0025135842001, received 2025-08-13
Employer contributions per participant
$0
Fewer than 50 comparable plans report this figure; no percentile.
= $0 / 322
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250813091408NAL0025135842001, received 2025-08-13
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250813091408NAL0025135842001, received 2025-08-13
Employer share of total contributions
0.0%
Fewer than 50 comparable plans report this figure; no percentile.
= $0 / $1,438,863
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250813091408NAL0025135842001, received 2025-08-13
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250813091408NAL0025135842001, received 2025-08-13
Plan terms are described in North State Bank's SEC filings: Form 10-K filed 2012-03-30. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2H partially participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2Q · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3I · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250813091408NAL0025135842001, received 2025-08-13
| Field | Value | Source |
|---|---|---|
| Plan sponsor | NORTH STATE BANK | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Plan name | NORTH STATE BANK 401K PLAN AND ESOP | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Sponsor EIN / plan number | 56-2183599 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Sponsor location | RALEIGH, NC | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Industry (business code) | 522110, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Filing received | 2025-08-13 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Participants, beginning of year | 355 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Active participants | 201 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Participants, end of year | 340 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Participants with an account balance | 322 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Total assets, beginning of year | $29,089,528 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Total assets, end of year | $30,887,510 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Net assets, end of year | $30,887,510 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Total income | $5,529,908 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Net income | $1,797,982 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Employer contributions | $0 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Participant contributions | $1,387,285 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Other contributions (incl. rollovers) | $51,578 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Total contributions | $1,438,863 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Benefit payments | $3,637,410 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Total expenses (incl. benefit payments) | $3,731,926 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Total administrative expenses | $94,516 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Recordkeeping fees | $1,692 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Administrative expenses excluding investment management | $94,516 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Held in common/collective trusts | $467,973 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Held in mutual funds | $24,082,135 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250813091408NAL0025135842001, received 2025-08-13 |
| Independent auditor | FORVIS MAZARS LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250813091408NAL0025135842001, received 2025-08-13 |
Position = column in the DOL layout for form year 2024. Filing 20250813091408NAL0025135842001, received 2025-08-13.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| AT RETIREMENT SERVICES, LLCrecordkeeper | NONE | 15 Recordkeeping and information management; 49 Other services; 70 Consulting fees; 38 Participant communication; 64 Recordkeeping fees; 37 Participant loan processing; 50 Direct payment from the plan; 99 Other fees | not reported | yes |
| GUARDIAN WEALTH PARTNERS | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | not reported | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250813091408NAL0025135842001, received 2025-08-13.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $29,089,528 | $30,887,510 | 6.2% |
| Participants with a balance | 0 | 322 | |
| Administrative expenses | $92,749 | $94,516 | 1.9% |
| Recordkeeping fees per participant | not reported | $5.25 | |
| Employer contributions | $1,460,248 | $0 | -100.0% |
Prior filing 20240726143957NAL0010316179001, received 2024-07-26; the plan years are contiguous.
Sponsor name as filed: NORTH STATE BANK; SEC registrant: NORTH STATE BANCORP (CIK 1175029, matched by EIN).