Plan Ledger DOL Form 5500 · updated monthly

L & R Distributors, Inc.401(k)

L & R DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST · BROOKLYN, NY · plan year 2024

Reported admin expense ratio · 2024
1.13%

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

L & R Distributors, Inc. reported $184,545 in plan administrative expenses for 2024: 1.13% of average plan assets, higher than ~90% of peers. Employer contributions averaged $683 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 0.96% to 1.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,673rd-largest of 5,648 plans among New York employers on file, and the 2,062nd of 4,246 in wholesale trade. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has grown from 954 to 1,147 since 2022.

Plan summary
Net assets, end of year$18,052,529
Participants with balances1,636
Active participants1,147
Employer contributions$783,546
Employee contributions$2,046,179
Employer contribution per active participant$683
Average account balance$11,035
Benefits paid to participants$1,620,936
Plan auditUnmodified (clean) audit opinion
AuditorPRICE WATERHOUSE COOPERS
Plan history3
Yearassets · accounts · employer contribution
2024$18.1M · 1,636 accts · $784K emplr
2023$14.6M · 1,374 accts · $475K emplr
2022$10.7M · 981 accts · $227K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,045
Investment management$25,500
Audit (IQPA)$43,000
Total administrative$184,545
The L & R Distributors, Inc. 401(k) match · 2024
Employer contribution per active participant$683
Median for plans this size$2,416
2024$683 per active participant
2023$430 per active participant
2022$238 per active participant

L & R Distributors, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20245
THE VANGUARD GROUP, INC. · Recordkeeping · Loan processing$128,358
PRICE WATERHOUSE COOPERS LLP · Accounting / audit$29,895
HARDY REED LLC · Investment advisory (plan)$25,500
PRICE WATERHOUSE COOPERS LLC · Accounting / audit$13,105
LAKISHA BUCKLEY$6,502

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

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

Administrative cost history3
2024$184,545 · 1.13%
2023$137,453 · 1.09%
2022$108,677 · 0.96%
Same employer
Similar plansWholesale Trade · New York
Universal Photonics Inc NY$18.5M · 0.30%
Mary Ann Liebert, Inc. NY$18.4M · 0.31%
Kee Safety, Inc. NY$18.3M · 0.30%
Rndc New York, LLC NY$18.2M · 0.22%
Qosina Corp. NY$17.9M · 0.53%
Case Paper Co., Inc. NY$17.9M · 0.60%
Hanes Supply, Inc. NY$17.7M · 0.14%
Ergonomic Group, Inc. NY$17.6M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111812912 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.