Plan Ledger DOL Form 5500 · updated monthly

Lammico401(k)

LAMMICO EMPLOYEE RETIREMENT PLAN · METAIRIE, LA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Lammico reported $76,913 in plan administrative expenses for 2024: 0.16% of average plan assets, below the peer median. Employer contributions averaged $10,240 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 0.21% to 0.16%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 122nd-largest of 884 plans among Louisiana employers on file, and the 1,701st of 4,798 in finance & insurance. In 2024, employees put in $1.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,855,836
Participants with balances153
Active participants120
Employer contributions$1,228,816
Employee contributions$1,560,018
Employer contribution per active participant$10,240
Average account balance$319,319
Benefits paid to participants$4,583,912
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$48.9M · 153 accts · $1.2M emplr
2023$45.0M · 151 accts · $1.2M emplr
2022$43.4M · 160 accts · $378K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,940
Investment management$28,973
Total administrative$76,913
The Lammico 401(k) match · 2024
Employer contribution per active participant$10,240
Median for plans this size$2,416
2024$10,240 per active participant
2023$9,795 per active participant
2022$3,287 per active participant

Lammico's 2024 employer contribution ran above the $2,416 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 · 20244
HANCOCK WHITNEY BANK · Investment advisory (plan)$18,087
BEACON POINTE ADVISORS LLC · Investment advisory (plan)$5,589
EMPOWER ADVISORY GROUP, LLC · Investment management$5,297

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$76,913 · 0.16%
2023$69,684 · 0.16%
2022$102,655 · 0.21%
Same employer
Similar plansFinance & Insurance · Louisiana
Home Bank NA LA$55.7M · 0.29%
Republic Finance, LLC LA$50.3M · 0.33%
Gray & Company, Inc. LA$47.4M · 0.02%
Amerisafe, Inc. LA$44.8M · 0.18%
Fidelity Bank LA$39.3M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720925617 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.