Plan Ledger DOL Form 5500 · updated monthly

George & Lynch, Inc.401(k)

GEORGE & LYNCH 401(K) PROFIT SHARING PLAN · DOVER, DE · plan year 2023

Reported admin expense ratio · 2023
0.51%

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

George & Lynch, Inc. reported $104,315 in plan administrative expenses for 2023: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,612 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 2 years on file its reported administrative ratio rose from 0.48% to 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 92nd-largest of 242 plans among Delaware employers on file, and the 1,930th of 5,337 in construction. In 2023, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,389,739
Participants with balances149
Active participants175
Employer contributions$282,173
Employee contributions$478,598
Employer contribution per active participant$1,612
Average account balance$143,555
Benefits paid to participants$1,703,505
Plan auditUnmodified (clean) audit opinion
AuditorFAW CASSON & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 159 accts · $286K emplr
2023$21.4M · 149 accts · $282K emplr
2022$19.2M · 156 accts · $279K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$51,956
Investment management$51,364
Trustee / custodial$995
Total administrative$104,315
The George & Lynch, Inc. 401(k) match · 2023
Employer contribution per active participant$1,612
Median for plans this size$2,440
2024$1,319 per active participant
2023$1,612 per active participant
2022$1,680 per active participant

George & Lynch, Inc.'s 2023 employer contribution ran below 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 · 20232
JOHN HANCOCK USA · Recordkeeping · Investment management$6,786
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (participants)indirect comp

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$112,601 · 0.54%
2023$104,315 · 0.51%
2022$103,866 · 0.48%
Same employer
Similar plansConstruction · Delaware
Horizon Services, LLC DE$83.1M · 0.35%
Hatzel & Buehler, Inc. DE$41.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510356469 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.