Plan Ledger DOL Form 5500 · updated monthly

Landmark Bancorp, Inc.401(k)

LANDMARK BANCORP, INC. 401(K) PROFIT SHARING PLAN · MANHATTAN, KS · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Landmark Bancorp, Inc. reported $62,734 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $3,215 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 0.31% to 0.29%. 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 276th-largest of 828 plans among Kansas employers on file, and 2,852nd of 4,798 in finance & insurance. In 2024, employees put in $1.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,733,667
Participants with balances283
Active participants258
Employer contributions$829,350
Employee contributions$1,176,804
Employer contribution per active participant$3,215
Average account balance$80,331
Benefits paid to participants$1,783,622
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.7M · 283 accts · $829K emplr
2023$20.0M · 253 accts · $835K emplr
2022$17.9M · 253 accts · $756K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,337
Investment management$30,397
Total administrative$62,734
The Landmark Bancorp, Inc. 401(k) match · 2024
Employer contribution per active participant$3,215
Median for plans this size$2,416
2024$3,215 per active participant
2023$3,451 per active participant
2022$3,149 per active participant

Landmark Bancorp, 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 · 20243
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$25,000
RESOURCES INVESTMENT ADVISORS, LLC · Investment management$5,397

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$62,734 · 0.29%
2023$61,106 · 0.32%
2022$60,407 · 0.31%
Similar plansFinance & Insurance · Kansas
Credit Union of America KS$27.9M · 0.30%
Security Bancshares Inc KS$24.6M · 0.00%
Mazuma Credit Union KS$22.5M · 0.41%
Qc Financial Services, Inc. KS$17.9M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431930755 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.