Plan Ledger DOL Form 5500 · updated monthly

Lakewood Electric Company401(k)

LEC/CPI 401(K) AND PROFIT SHARING PLAN · ENGLEWOOD, CO · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Lakewood Electric Company reported $51,576 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $2,781 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 3 years on file its reported administrative ratio has held roughly steady near 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 716th-largest of 1,461 plans among Colorado employers on file, and 2,782nd of 5,337 in construction. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has shrunk from 183 to 157 since 2022.

Plan summary
Net assets, end of year$12,167,228
Participants with balances149
Active participants157
Employer contributions$436,548
Employee contributions$799,656
Employer contribution per active participant$2,781
Average account balance$81,659
Benefits paid to participants$2,311,243
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 149 accts · $437K emplr
2023$11.7M · 153 accts · $413K emplr
2022$10.1M · 161 accts · $424K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,710
Investment management$26,866
Total administrative$51,576
The Lakewood Electric Company 401(k) match · 2024
Employer contribution per active participant$2,781
Median for plans this size$2,416
2024$2,781 per active participant
2023$2,441 per active participant
2022$2,317 per active participant

Lakewood Electric Company's 2024 employer contribution ran above 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
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Loan processing$27,265
EDWARD D JONES & COMPANY · Investment advisory (plan)$22,101

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$51,576 · 0.43%
2023$46,343 · 0.42%
2022$47,749 · 0.42%
Similar plansConstruction · Colorado
Douglass Colony Group Inc. CO$14.3M · 0.53%
View Homes Incorporated CO$12.2M · 0.37%
A-1 Chipseal Co. CO$12.1M · 0.84%
Nunn Construction, Inc. CO$11.7M · 0.53%
Jhl Enterprises, Inc. CO$11.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840865224 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.