Plan Ledger DOL Form 5500 · updated monthly

L2 Brands, LLC401(k)

L2 BRANDS 401(K) PLAN · HANOVER, PA · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

L2 Brands, LLC reported $104,265 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,697 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 0.58% to 0.62%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,595th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,989th of 4,246 in wholesale trade. In 2024, employees put in $2.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,909,597
Participants with balances470
Active participants389
Employer contributions$660,263
Employee contributions$1,473,057
Employer contribution per active participant$1,697
Average account balance$40,233
Benefits paid to participants$1,675,294
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.9M · 470 accts · $660K emplr
2023$14.7M · 419 accts · $599K emplr
2022$12.3M · 428 accts · $560K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$104,265
Total administrative$104,265
The L2 Brands, LLC 401(k) match · 2024
Employer contribution per active participant$1,697
Median for plans this size$2,416
2024$1,697 per active participant
2023$1,649 per active participant
2022$1,493 per active participant

L2 Brands, LLC's 2024 employer contribution ran below 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$99,810
PA RETIREMENT SOLUTIONS, INC. · Contract administrator · Other services$4,455
STONEBRIDGE FINANCIAL GROUP · Investment advisory (plan)indirect comp
TRIAD HYBRID SOLUTIONS, 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$104,265 · 0.62%
2023$82,652 · 0.61%
2022$73,522 · 0.58%
Same employer
Similar plansWholesale Trade · Pennsylvania
Bingaman & Son Lumber, Inc. PA$19.4M · 0.45%
Mbc Companies PA$19.2M · 0.04%
Tb Philly, Inc. PA$18.7M · 0.36%
Hcc Marketing Inc. PA$18.2M · 0.01%
Cronimet Holdings, Inc. PA$17.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813210094 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.