Plan Ledger DOL Form 5500 · updated monthly

L&T Technology Services LTD401(k)

L&T TECHNOLOGY SERVICES LTD 401(K) PROFIT SHARING PLAN & TRUST · EDISON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

L&T Technology Services LTD reported $153,594 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,216 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 fell from 0.36% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 538th-largest of 2,419 plans among New Jersey employers on file, and the 2,492nd of 11,654 in professional & technical services. In 2024, employees put in $3.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$56,596,229
Participants with balances1,650
Active participants2,443
Employer contributions$2,971,847
Employee contributions$9,321,488
Employer contribution per active participant$1,216
Average account balance$34,301
Benefits paid to participants$7,585,479
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$56.6M · 1,650 accts · $3.0M emplr
2023$43.3M · 1,419 accts · $2.4M emplr
2022$30.3M · 1,406 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,652
Investment management$123,082
Trustee / custodial$860
Total administrative$153,594
The L&T Technology Services LTD 401(k) match · 2024
Employer contribution per active participant$1,216
Median for plans this size$2,416
2024$1,216 per active participant
2023$1,092 per active participant
2022$498 per active participant

L&T Technology Services LTD'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 · 20243
PAYCHEX, INC. · Recordkeeping$18,807
LEVELIZED COMPENSATION ADVISOR · Investment advisory (plan)$123,082
ERISA FIDUCIARY SERVICES, INC · Contract administrator$10,845

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

Recordkeeper by year2
2024Paychex
2023ERISA FIDUCIARY SERVICES, INC., LEVELIZED COMPENSATION ADVISOR, Paychex

This plan has changed recordkeepers within these filings. If you left L&T Technology Services LTD before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$153,594 · 0.31%
2023$138,435 · 0.38%
2022$110,196 · 0.36%
Same employer
Similar plansProfessional & Technical Services · New Jersey
Birlasoft Solutions, Inc. NJ$57.0M · 0.44%
Wiss & Company, LLP NJ$55.2M · 0.21%
Peloton Advantage LLC NJ$54.2M · 0.23%
Boswell Engineering, Inc. NJ$53.9M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462951591 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.