Plan Ledger DOL Form 5500 · updated monthly

L C Manufacturing, LLC401(k)

L C MANUFACTURING, LLC EMPLOYEES SAVINGS TRUST · LAKE CITY, MI · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

L C Manufacturing, LLC reported $14,010 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,308 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 0.26%. 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 Michigan (1,953rd of 2,619), and 10,912th of 13,661 in manufacturing. In 2024, employees put in $2.61 for every $1.00 the employer contributed; active participation has shrunk from 116 to 95 since 2022.

Plan summary
Net assets, end of year$5,549,780
Participants with balances116
Active participants95
Employer contributions$124,252
Employee contributions$324,210
Employer contribution per active participant$1,308
Average account balance$47,843
Benefits paid to participants$643,753
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 116 accts · $124K emplr
2023$5.1M · 143 accts · $101K emplr
2022$4.0M · 166 accts · $121K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,178
Investment management$232
Total administrative$14,010
The L C Manufacturing, LLC 401(k) match · 2024
Employer contribution per active participant$1,308
Median for plans this size$1,313
2024$1,308 per active participant
2023$969 per active participant
2022$1,042 per active participant

L C Manufacturing, LLC's 2024 employer contribution ran below the $1,313 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 · 20242
MICHIGAN BENEFIT CONSULTING, INC. · Recordkeeping · Pension consulting$8,029
M HOLDINGS SECURITIES INC.indirect comp

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

Recordkeeper by year2
2024MICHIGAN BENEFIT CONSULTING, INC.
2023MICHIGAN BENEFIT CONSULTING, INC.

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

Administrative cost history3
2024$14,010 · 0.26%
2023$16,460 · 0.36%
2022$15,819 · 0.36%
Same employer
Similar plansManufacturing · Michigan
Portland Products, Inc. MI$5.7M · 0.02%
Ifr, Inc. MI$5.7M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201399037 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.