Plan Ledger DOL Form 5500 · updated monthly

Laird Connectivity, Inc.401(k)

LAIRD CONNECTIVITY, INC. 401(K) PLAN · AKRON, OH · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Laird Connectivity, Inc. reported $91,512 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,068 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 0.21% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 899th-largest of 3,295 plans among Ohio employers on file, and the 3,805th of 11,654 in professional & technical services. In 2024, employees put in $6.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,777,046
Participants with balances182
Active participants127
Employer contributions$262,694
Employee contributions$1,697,928
Employer contribution per active participant$2,068
Average account balance$185,588
Benefits paid to participants$6,630,707
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.8M · 182 accts · $263K emplr
2023$32.9M · 208 accts · $495K emplr
2022$25.7M · 168 accts · $459K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,280
Investment management$71,232
Total administrative$91,512
The Laird Connectivity, Inc. 401(k) match · 2024
Employer contribution per active participant$2,068
Median for plans this size$2,416
2024$2,068 per active participant
2023$3,216 per active participant
2022$3,923 per active participant

Laird Connectivity, Inc.'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 · 20242
MERRILL LYNCH · Investment advisory (plan)$71,232
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$20,280

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$91,512 · 0.27%
2023$65,559 · 0.22%
2022$61,169 · 0.21%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 833098075 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.