Plan Ledger DOL Form 5500 · updated monthly

L.T.C. Roll & Engineering Co., Inc.401(k)

LTC ROLL & ENGINEERING CO. EES' SAVINGS PLAN · CLINTON TOWNSHIP, MI · plan year 2023

Reported admin expense ratio · 2023
0.30%

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

L.T.C. Roll & Engineering Co., Inc. reported $18,706 in plan administrative expenses for 2023: 0.30% of average plan assets, below the peer median. Employer contributions averaged $1,329 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 1 year on file its reported administrative ratio fell from 0.32% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,820th of 2,619), and 10,278th of 13,661 in manufacturing. In 2023, employees put in $2.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,804,655
Participants with balances88
Active participants87
Employer contributions$115,585
Employee contributions$315,084
Employer contribution per active participant$1,329
Average account balance$77,326
Benefits paid to participants$224,639
Plan auditUnmodified (clean) audit opinion
AuditorCUSMANO & CO, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$6.8M · 88 accts · $116K emplr
2022$5.8M · 115 accts · $119K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,706
Total administrative$18,706
The L.T.C. Roll & Engineering Co., Inc. 401(k) match · 2023
Employer contribution per active participant$1,329
Median for plans this size$1,308
2023$1,329 per active participant
2022$1,217 per active participant

L.T.C. Roll & Engineering Co., Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$18,706

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

Administrative cost history2
2023$18,706 · 0.30%
2022$21,758 · 0.32%
Same employer
Similar plansManufacturing · Michigan
Kendrick Plastics, Inc. MI$6.9M · 1.10%
Techno-Coat, Inc. MI$6.8M · 0.72%
Workrite Ergonomics, LLC MI$6.8M · 0.24%
Ihc LLC MI$6.7M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381914685 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.