401(k) · DOL Form 5500 · 2023

Best Practices LLC 401(k) Plan

Data updated 2026-08-25

$2M
Total assets Small plan by assets
12
Participants Small participant base
32nd
Percentile by assets National rank
$195,253
Avg per participant Above avg balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Best Practices LLC 401(k) Plan · Sponsored by Best Practices LLC · North Carolina · Professional & Technical Services

$2M in assets, 12 participants

Best Practices LLC's Best Practices LLC 401(k) Plan reported $2M in total assets and 12 participants in its 2023 DOL Form 5500 filing, ranking in the 32nd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #5,819 in Professional & Technical Services (20,321 peers)

Best Practices LLC multi-year trail

Best Practices LLC's plans moved +13.7% in assets from 2022 to 2024; this filing shows Best Practices LLC 401(k) Plan at $2M / 12 participants.

#5,819
in Professional & Technical Services (20,321 peers)
+19.3%
assets growth YoY

Best Practices LLC 401(k) Plan among the smaller filed plans by assets

Best Practices LLC 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$2,343,034 32nd percentile higher than 32% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Best Practices LLC 401(k) Plan among smaller filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Best Practices LLC 401(k) Plan is a small filing (12 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Best Practices LLC 401(k) Plan reported net income rose from -$638K in the plan year 2022 filing to $379K in the plan year 2023 filing.
  • Best Practices LLC 401(k) Plan end-of-year assets rose from $2M in the plan year 2022 filing to $2M in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 561934481 · Best Practices LLC PY 2023 · 401(k)

Best Practices LLC 401(k) Plan · $2M · 12 · 32nd

  • PCT $2M
  • PCT 12
  • PCT 32nd
  • PCT 401(k)
  • PCT near Redwood Community Services, Inc. 401(k) Plan
  • PCT ind #5819

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in North Carolina →

Best Practices LLC 401(k) Plan in the asset neighbourhood

Best Practices LLC 401(k) PlanBest Practices LLC 401(k) Pl…$2MRedwood Community Services, Inc. 401(k) PlanRedwood Community Services, …$2MJ.D. Stuart, M.D., P.C. 401(k) Profit Sharing Plan and Trust AgreementJ.D. Stuart, M.D., P.C. 401(…$2MParagon Management Snf, LLC 401(k) PlanParagon Management Snf, LLC …$2MUltra Wheel Company 401(k) PlanUltra Wheel Company 401(k) P…$2M
End-of-year total assets ($M) among Best Practices LLC 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Best Practices LLC multi-year asset trail

Sponsor-wide plan assets over time

All Best Practices LLC plans reported in each filing year

Latest sponsor-wide plan assets
$2M 13.6590305965544% vs 2022
2024 filing year
$1.8M$2M$2.2M$2.4M 202220232024 $1.96M $2.23M ▲ +13.8%
Year Plans Participants Total Assets
2022 1 12 $2M
2023 1 12 $2M
2024 1 10 $2M

Best Practices LLC filing trail (2023)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$379K
Employer EIN561934481
Plan Effective Date2003-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Best Practices LLC 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Best Practices LLC 401(k) Plan, Total assets ($B): 0.002343034 · Participants: 12Best Practices LLC 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Best Practices LLC 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Best Practices LLC 401(k) Plan side-by-side with 3 peers →

Best Practices LLC 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Redwood Community Services, Inc. 401(k) Plan in CA ($2M); by covered participants it is Maryland Home Care Solutions Retirement Plan in MD (12 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (12 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Best Practices LLC 401(k) Plan assets move in 2023? ▼
Best Practices LLC 401(k) Plan grew sharply - up 19.3% during 2023, from $2M to $2M. Reported net income was $379K.
How have Best Practices LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Best Practices LLC's sponsor-wide assets grew 13.7%, from $2M to $2M.
Which 401(k) plans are similar in size to Best Practices LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Redwood Community Services, Inc. 401(k) Plan in CA ($2M, 293 participants).
Which 401(k) plans cover a similar participant headcount to Best Practices LLC 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Maryland Home Care Solutions Retirement Plan in MD (12 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561934481.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.