Plan Ledger DOL Form 5500 · updated monthly

Landdesign, Inc.401(k)

LANDDESIGN, INC. 401(K) RETIREMENT PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Landdesign, Inc. reported $117,320 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,954 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 0.38% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 484th-largest of 2,005 plans among North Carolina employers on file, and the 3,487th of 11,654 in professional & technical services. In 2024, employees put in $2.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,418,199
Participants with balances361
Active participants293
Employer contributions$865,409
Employee contributions$2,397,599
Employer contribution per active participant$2,954
Average account balance$103,652
Benefits paid to participants$1,706,949
Plan auditUnmodified (clean) audit opinion
AuditorSCHARF PERA & CO., PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$37.4M · 361 accts · $865K emplr
2023$31.0M · 359 accts · $833K emplr
2022$23.9M · 350 accts · $784K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$117,320
Total administrative$117,320
The Landdesign, Inc. 401(k) match · 2024
Employer contribution per active participant$2,954
Median for plans this size$2,416
2024$2,954 per active participant
2023$2,892 per active participant
2022$2,772 per active participant

Landdesign, Inc.'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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$117,320

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

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

Administrative cost history3
2024$117,320 · 0.34%
2023$99,259 · 0.36%
2022$95,741 · 0.38%
Same employer
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Tep Holdings, LLC NC$38.9M · 0.54%
Clinipace Inc NC$38.4M · 0.19%
Dystar LP NC$38.3M · 0.17%
Greerwalker LLP NC$36.1M · 0.11%
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Apiture, Inc NC$33.6M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561602942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.