Plan Ledger DOL Form 5500 · updated monthly

L.C. Doane Company401(k)

THE L.C. DOANE COMPANY 401(K) SAVINGS AND RETIREMENT PLAN · IVORYTON, CT · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

L.C. Doane Company reported $40,910 in plan administrative expenses for 2024: 0.45% of average plan assets, below the peer median. Employer contributions averaged $2,470 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 0.41% to 0.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Connecticut (781st of 1,106), and 9,171st of 13,661 in manufacturing. In 2024, employees put in $1.90 for every $1.00 the employer contributed; active participation has grown from 92 to 103 since 2022.

Plan summary
Net assets, end of year$9,130,221
Participants with balances138
Active participants103
Employer contributions$254,427
Employee contributions$482,579
Employer contribution per active participant$2,470
Average account balance$66,161
Benefits paid to participants$1,687,605
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 138 accts · $254K emplr
2023$9.0M · 133 accts · $488K emplr
2022$8.3M · 126 accts · $216K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,910
Total administrative$40,910
The L.C. Doane Company 401(k) match · 2024
Employer contribution per active participant$2,470
Median for plans this size$1,313
2024$2,470 per active participant
2023$4,520 per active participant
2022$2,347 per active participant

L.C. Doane Company's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$40,085
WELLS THOMAS, LLC · Contract administrator · Other services$825
INTEGRATED WEALTH CONCEPTS 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$40,910 · 0.45%
2023$38,180 · 0.44%
2022$39,553 · 0.41%
Similar plansManufacturing · Connecticut
Safety Marking, Inc. CT$9.5M · 0.65%
Alvest (USA) Inc. CT$9.4M · 0.00%
Microbest, Inc. CT$9.1M · 0.31%
Polamer Precision Inc CT$8.9M · 0.49%
Buitoni Food Company CT$8.6M · 1.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060708453 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.