Plan Ledger DOL Form 5500 · updated monthly

L&D Electric, Inc. D/B/A401(k)

CONSOLIDATED ELECTRICAL CONTRACTORS, INC. 401(K) PLAN · LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
1.02%

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

L&D Electric, Inc. D/B/A reported $50,858 in plan administrative expenses for 2024: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $269 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 0.89% to 1.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Michigan (1,954th of 2,619), and 3,873rd of 5,337 in construction. In 2024, employees put in $10.05 for every $1.00 the employer contributed; active participation has grown from 144 to 169 since 2022.

Plan summary
Net assets, end of year$5,539,136
Participants with balances121
Active participants169
Employer contributions$45,519
Employee contributions$457,635
Employer contribution per active participant$269
Average account balance$45,778
Benefits paid to participants$168,643
Plan auditUnmodified (clean) audit opinion
AuditorMANER COSTERISAN, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 121 accts · $46K emplr
2023$4.4M · 109 accts · $60K emplr
2022$3.4M · 101 accts · $48K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,858
Total administrative$50,858
The L&D Electric, Inc. D/B/A 401(k) match · 2024
Employer contribution per active participant$269
Median for plans this size$1,313
2024$269 per active participant
2023$408 per active participant
2022$336 per active participant

L&D Electric, Inc. D/B/A's 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
CAPITAL ASSET ADVISORY SERVICES, LL · Investment advisory (plan)$29,077
EMPOWER ANNUITY INSURANCE CO OF AM · Contract administrator$19,957
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$2,433

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

Administrative cost history3
2024$50,858 · 1.02%
2023$30,531 · 0.78%
2022$33,415 · 0.89%
All plans at this employer2
CONSOLIDATED ELECTRICAL CONTRACTORS, INC. 401(K) PLAN401(k)
CONSOLIDATED ELECTRICAL CONTRACTORS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
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D & D Building Inc. MI$5.9M · 0.79%
Oak Electric Service Inc MI$5.3M · 0.89%
Serve Electric LLC MI$5.2M · 0.74%
Creek Enterprise, Inc MI$5.1M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270864676 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.