Department of Labor filing

TERRANOVA GROUP, INC

CHAPEL HILL ACADEMY 401(K) PROFIT SHARING PLAN · For the plan year ended Jun 30, 2025

Public filing 2024 · received Apr 14, 2026Verified current terms Not available

Plan at a glance

How good does the filing look?

63filing comparison
out of 100

The filing looks somewhat better than typical peers on the measures we can compare. This is a filing comparison, not a complete benefits score.

$Employer support

$6,303

Reported employer contributions per active participant.

Higher than about 89% of comparable plans

#People in the filing

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$511 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 2% of comparable plans

↗Investment performance

Not available

Plan assets changed 10.1%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202463out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions89th percentileTypical peer $2,839 · based on 97 comparable plans

Lower reported administrative expense2nd percentileTypical peer $125 · based on 98 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Jun 30, 2025, TERRANOVA GROUP, INC reported $542,053 in employer contributions across the plan and 86 active participants. That works out to $6,303 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy77%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 19.1%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendUp 49.6%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context63/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $542,053
Participant contributions: $386,052
Other contributions: $180,013
Employer share of reported contributions: 58.4%
Beginning assets: $22,402,646
Ending assets: $24,663,578
Ending net assets: $24,663,578
Ending liabilities: $0
Total income: $3,760,318
Total expenses: $1,458,736
Administrative expenses: $57,230
Participant loans: $349,304

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$7,787

2023

$5,889

2024

$6,303

Plan-paid administrative expenses per participant

2022

$342

2023

$286

2024

$511

Active participants

2022

172

2023

2024

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$6,303	86	24.7M	20260414092737NAL0015681777001
2023	$5,889	84	22.4M	20250415135317NAL0005877408001
2022	$7,787	172	31.8M	20240409100710NAL0024297457001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 1.4%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 223218734-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jul 1, 2005
Industry: Educational services
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K3D

Current plan terms

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Filing ACK_ID20260414092737NAL0015681777001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗