Plan Ledger DOL Form 5500 · updated monthly

Landpro Equipment, LLC401(k)

LANDPRO EQUIPMENT, LLC 401(K) PLAN · FALCONER, NY · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Landpro Equipment, LLC reported $57,927 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,241 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 0.13% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,231st-largest of 5,648 plans among New York employers on file, and the 1,233rd of 5,215 in retail trade. In 2024, employees put in $3.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,202,656
Participants with balances459
Active participants429
Employer contributions$532,250
Employee contributions$1,862,381
Employer contribution per active participant$1,241
Average account balance$52,729
Benefits paid to participants$1,501,943
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$24.2M · 459 accts · $532K emplr
2023$20.5M · 461 accts · $538K emplr
2022$16.3M · 422 accts · $464K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,568
Investment management$9,359
Total administrative$57,927
The Landpro Equipment, LLC 401(k) match · 2024
Employer contribution per active participant$1,241
Median for plans this size$2,416
2024$1,241 per active participant
2023$1,141 per active participant
2022$1,003 per active participant

Landpro Equipment, LLC'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$48,568
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,359

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$57,927 · 0.26%
2023$42,926 · 0.23%
2022$23,076 · 0.13%
Same employer
Similar plansRetail Trade · New York
Dolce & Gabbana USA, Inc. NY$24.4M · 0.23%
Phillips Auctioneers, LLC NY$24.1M · 0.45%
Paraco Gas Corporation NY$24.0M · 0.56%
L'Occitane, Inc. NY$23.7M · 0.58%
Arena Distributors, Inc. NY$23.6M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 814758151 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.