Plan Ledger DOL Form 5500 · updated monthly

L&M Development Partners LLC401(k)

L&M DEVELOPMENT PARTNERS LLC 401K RETIREMENT SAVINGS PLAN · LARCHMONT, NY · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

L&M Development Partners LLC reported $179,432 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $4,212 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 3 years on file its reported administrative ratio has held roughly steady near 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 871st-largest of 5,648 plans among New York employers on file, and the 148th of 2,096 in real estate & leasing. In 2024, employees put in $1.67 for every $1.00 the employer contributed; active participation has grown from 439 to 535 since 2022.

Plan summary
Net assets, end of year$90,041,744
Participants with balances528
Active participants535
Employer contributions$2,253,208
Employee contributions$3,771,489
Employer contribution per active participant$4,212
Average account balance$170,534
Benefits paid to participants$15,130,979
Plan auditDisclaimer of opinion
AuditorLIPSKY, GOODKIN & CO., P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$90.0M · 528 accts · $2.3M emplr
2023$86.8M · 504 accts · $2.0M emplr
2022$73.3M · 456 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$166,182
Total administrative$179,432
The L&M Development Partners LLC 401(k) match · 2024
Employer contribution per active participant$4,212
Median for plans this size$3,635
2024$4,212 per active participant
2023$4,138 per active participant
2022$3,207 per active participant

L&M Development Partners LLC's 2024 employer contribution ran above the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK NEW YORK · Recordkeeping · Investment management$9,792

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

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Administrative cost history3
2024$179,432 · 0.20%
2023$160,548 · 0.20%
2022$136,707 · 0.21%
All plans at this employer2
L&M DEVELOPMENT PARTNERS LLC 401K RETIREMENT SAVINGS PLAN401(k)
L&M DEVELOPMENT PARTNERS, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 133248408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.