Plan Ledger DOL Form 5500 · updated monthly

L. C. Whitford Co., Inc.401(k)

L. C. WHITFORD CO., INC. 401(K) PLAN · WELLSVILLE, NY · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

L. C. Whitford Co., Inc. reported $75,062 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,880 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 0.49% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (3,278th of 5,648), and 2,763rd of 5,337 in construction. In 2024, employees put in $1.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,303,186
Participants with balances237
Active participants149
Employer contributions$429,051
Employee contributions$469,233
Employer contribution per active participant$2,880
Average account balance$51,912
Benefits paid to participants$1,500,461
Plan auditUnmodified (clean) audit opinion
AuditorPROTO & LOSKEY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$12.3M · 237 accts · $429K emplr
2023$11.4M · 183 accts · $284K emplr
2022$10.0M · 190 accts · $306K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,360
Investment management$44,702
Total administrative$75,062
The L. C. Whitford Co., Inc. 401(k) match · 2024
Employer contribution per active participant$2,880
Median for plans this size$2,416
2024$2,880 per active participant
2023$1,823 per active participant
2022$2,152 per active participant

L. C. Whitford Co., 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 · 20243
PROFESSIONAL CAPITAL SERVICES, LLC · Claims processing · Contract administrator$30,360
FRONTIER FINANCIAL GROUP, LLC · Investment advisory (plan)$33,526
LEVEL FINANCIAL ADVISORS, INC. · Investment management$11,175

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

Recordkeeper by year2
2024PROFESSIONAL CAPITAL SERVICES, LLC
2023PROFESSIONAL CAPITAL SERVICES, LLC

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

Administrative cost history3
2024$75,062 · 0.63%
2023$74,897 · 0.70%
2022$53,345 · 0.49%
Similar plansConstruction · New York
Piece Management, Inc. NY$13.3M · 0.57%
Andromeda Advantage Inc. NY$13.1M · 0.22%
Northline Utilities, LLC NY$12.1M · 0.16%
Demco New York Corp. NY$12.1M · 0.72%
Tambe Electric, Inc. NY$12.0M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160789973 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.