Plan Ledger DOL Form 5500 · updated monthly

L & E Research, Inc.401(k)

L & E RESEARCH, INC. 401(K) P/S PLAN · RALEIGH, NC · plan year 2023

Reported admin expense ratio · 2023
1.08%

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

L & E Research, Inc. reported $34,090 in plan administrative expenses for 2023: 1.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,043 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 1 year on file its reported administrative ratio rose from 1.00% to 1.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in North Carolina (1,607th of 2,005), and 10,335th of 11,654 in professional & technical services. In 2023, employees put in $2.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,550,043
Participants with balances83
Active participants136
Employer contributions$141,783
Employee contributions$301,043
Employer contribution per active participant$1,043
Average account balance$42,772
Benefits paid to participants$362,374
Plan auditUnmodified (clean) audit opinion
AuditorTHOMAS JUDY AND TUCKER, P.A.
Plan history2
Yearassets · accounts · employer contribution
2023$3.6M · 83 accts · $142K emplr
2022$2.7M · 76 accts · $107K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,090
Total administrative$34,090
The L & E Research, Inc. 401(k) match · 2023
Employer contribution per active participant$1,043
Median for plans this size$1,308
2023$1,043 per active participant
2022$807 per active participant

L & E Research, Inc.'s 2023 employer contribution ran below the $1,308 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 · 20234
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,089
WELLS FARGO CLEARING SERVICES LLC · Other servicesindirect comp
WELLS FARGO ADVISORS INS AGENCY LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2023$34,090 · 1.08%
2022$28,869 · 1.00%
Similar plansProfessional & Technical Services · North Carolina
Getbridge NC$3.7M · 0.05%
IT People Corporation NC$3.6M · 0.75%
Petfolk Inc. NC$3.5M · 0.47%
Tands Inc. NC$3.4M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200514927 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.