Plan Ledger DOL Form 5500 · updated monthly

L2T, Inc.401(k)

L2T, INC. 401(K) PROFIT SHARING PLAN · ALHAMBRA, CA · plan year 2022

Reported admin expense ratio · 2022
0.16%

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

L2T, Inc. reported $15,406 in plan administrative expenses for 2022: 0.16% of average plan assets, below the peer median. Employer contributions averaged $2,451 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 0.16% to 0.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (5,848th of 9,483), and 9,387th of 13,661 in manufacturing. In 2022, employees put in $1.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,625,582
Participants with balances153
Active participants88
Employer contributions$215,692
Employee contributions$230,044
Employer contribution per active participant$2,451
Average account balance$56,376
Benefits paid to participants$261,005
Plan auditUnmodified (clean) audit opinion
AuditorMOSS ADAMS
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 154 accts · $229K emplr
2023$8.5M · 156 accts · $215K emplr
2022$8.6M · 153 accts · $216K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$15,406
Total administrative$15,406
The L2T, Inc. 401(k) match · 2022
Employer contribution per active participant$2,451
Median for plans this size$1,114
2024$2,901 per active participant
2023$2,384 per active participant
2022$2,451 per active participant

L2T, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$15,334 · 0.18%
2023$15,095 · 0.18%
2022$15,406 · 0.16%
Similar plansManufacturing · California
Western Cnc, Inc. CA$8.7M · 0.59%
Natals, Inc. CA$8.7M · 0.11%
Zoo Med Laboratories Inc CA$8.6M · 0.90%
Karen Kane, Inc. CA$8.5M · 1.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954596634 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.