Plan Ledger DOL Form 5500 · updated monthly

Lakemary Center, Inc Retirement Plan401(k)

LAKEMARY CENTER, INC 401(K) PLAN · PAOLA, KS · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Lakemary Center, Inc Retirement Plan reported $1,139 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,364 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 fell from 0.02% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kansas (441st of 828), and the 5,188th of 11,911 in health care & social assistance. In 2024, employees put in $1.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,874,993
Participants with balances215
Active participants142
Employer contributions$335,661
Employee contributions$411,875
Employer contribution per active participant$2,364
Average account balance$55,233
Benefits paid to participants$779,618
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 215 accts · $336K emplr
2023$10.5M · 216 accts · $70K emplr
2022$9.6M · 225 accts · $351K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,139
Total administrative$1,139
The Lakemary Center, Inc Retirement Plan 401(k) match · 2024
Employer contribution per active participant$2,364
Median for plans this size$2,416
2024$2,364 per active participant
2023$512 per active participant
2022$2,456 per active participant

Lakemary Center, Inc Retirement Plan'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.

Administrative cost history3
2024$1,139 · 0.01%
2023$1,670 · 0.02%
2022$2,111 · 0.02%
Same employer
Similar plansHealth Care & Social Assistance · Kansas
Retina Associates, LLC KS$12.6M · 0.72%
Examinetics, Inc. KS$11.6M · 0.69%
Legend Senior Living, LLC KS$11.2M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480732570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.