Plan Ledger DOL Form 5500 · updated monthly

Land Mark Electric, Inc.401(k)

LAND MARK ELECTRIC, INC. 401(K) PLAN · CANOGA PARK, CA · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Land Mark Electric, Inc. reported $54,656 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $406 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 0.44% to 0.48%. 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 among the smaller plans on file in California (4,972nd of 9,483), and 2,810th of 5,337 in construction. In 2024, employees put in $8.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,015,131
Participants with balances116
Active participants200
Employer contributions$81,262
Employee contributions$683,807
Employer contribution per active participant$406
Average account balance$103,579
Benefits paid to participants$566,503
Plan auditUnmodified (clean) audit opinion
AuditorBLM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 116 accts · $81K emplr
2023$10.7M · 114 accts · $79K emplr
2022$9.5M · 113 accts · $76K emplr
Administrative expenses, itemized · 2024
Investment management$54,656
Total administrative$54,656
The Land Mark Electric, Inc. 401(k) match · 2024
Employer contribution per active participant$406
Median for plans this size$2,416
2024$406 per active participant
2023$397 per active participant
2022$399 per active participant

Land Mark Electric, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom 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
LIDEN, NESTLE, SOLED & ASSOC., INC. · Recordkeeping · Loan processing$1,100
NATIONWIDE · Recordkeeping · Loan processing$1,084
PROACCOUNT · Investment advisory (participants)$18,896
LPL FINANCIAL LLC-RPCP · Investment advisory (plan)$8,344

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

Recordkeeper by year2
2024LIDEN, NESTLE, SOLED & ASSOC., INC., Nationwide
2023LIDEN, NESTLE, SOLED & ASSOC., INC., Nationwide

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Administrative cost history3
2024$54,656 · 0.48%
2023$49,013 · 0.48%
2022$45,534 · 0.44%
Same employer
Similar plansConstruction · California
Ch Reynolds Electric, Inc. CA$12.4M · 0.53%
Laser Electric, Inc. CA$12.2M · 0.35%
Cvc Holding Corp. CA$12.1M · 1.18%
Brady Company California CA$12.0M · 0.31%
Cirks Construction, Inc. CA$11.9M · 0.92%
Air Control Systems, Inc. CA$11.7M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953638042 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.