Plan Ledger DOL Form 5500 · updated monthly

Lakepoint Augusta, LLC401(k)

LAKEPOINT 401(K) PLAN · AUGUSTA, KS · plan year 2024

Reported admin expense ratio · 2024
4.27%

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

Lakepoint Augusta, LLC reported $13,623 in plan administrative expenses for 2024: 4.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,034 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 rose from 1.88% to 4.27%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Kansas (811th of 828), and 11,386th of 11,911 in health care & social assistance. In 2024, employees put in $1.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$473,554
Participants with balances145
Active participants127
Employer contributions$131,282
Employee contributions$198,176
Employer contribution per active participant$1,034
Average account balance$3,266
Benefits paid to participants$42,698
Plan auditUnmodified (clean) audit opinion
AuditorVARNEY & ASSOCIATES, CPAS, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$474K · 145 accts · $131K emplr
2023$164K · 106 accts · $65K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,623
Total administrative$13,623
The Lakepoint Augusta, LLC 401(k) match · 2024
Employer contribution per active participant$1,034
Median for plans this size$540
2024$1,034 per active participant
2023$636 per active participant

Lakepoint Augusta, LLC's 2024 employer contribution ran above the $540 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ASCENSUS LLC · Recordkeeping$13,623

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$13,623 · 4.27%
2023$3,089 · 1.88%
Similar plansHealth Care & Social Assistance · Kansas
March Inc. KS$1.0M · 0.59%
Genesis Family Health KS$512K · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 481189799 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.