Plan Ledger DOL Form 5500 · updated monthly

L & S Electric, Inc401(k)

L & S ELECTRIC, INC. 401(K) PROFIT SHARING PLAN · SCHOFIELD, WI · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

L & S Electric, Inc reported $130,611 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,729 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 0.25% to 0.27%. 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 416th-largest of 1,936 plans among Wisconsin employers on file, and the 814th of 4,246 in wholesale trade. In 2024, employees put in $2.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,519,367
Participants with balances461
Active participants374
Employer contributions$1,020,739
Employee contributions$2,455,734
Employer contribution per active participant$2,729
Average account balance$109,586
Benefits paid to participants$5,179,130
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$50.5M · 461 accts · $1.0M emplr
2023$44.5M · 446 accts · $569K emplr
2022$42.8M · 444 accts · $538K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$130,611
Total administrative$130,611
The L & S Electric, Inc 401(k) match · 2024
Employer contribution per active participant$2,729
Median for plans this size$2,416
2024$2,729 per active participant
2023$1,663 per active participant
2022$1,554 per active participant

L & S Electric, Inc's 2024 employer contribution ran above the $2,416 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$130,611
BAIRD INSURANCE SERVICES INC · Other servicesindirect comp
ROBERT W. BAIRD & CO. INCORPORATED · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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 history3
2024$130,611 · 0.27%
2023$118,843 · 0.27%
2022$120,387 · 0.25%
Same employer
Similar plansWholesale Trade · Wisconsin
Weyco Group, Inc. WI$55.0M · 0.23%
Hy Cite Enterprises, LLC WI$53.8M · 0.08%
Amsoil, Inc. WI$52.8M · 0.19%
The Boelter Companies, Inc. WI$50.4M · 0.25%
E. O. Johnson Company, Inc. WI$48.0M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391077534 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.