Plan Ledger DOL Form 5500 · updated monthly

Landsman Development Corp.401(k)

LANDSMAN DEVELOPMENT CORP. RETIREMENT PLAN · ROCHESTER, NY · plan year 2023

Reported admin expense ratio · 2023
0.11%

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

Landsman Development Corp. reported $9,513 in plan administrative expenses for 2023: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $632 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 0.12% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in New York (3,710th of 5,648), and 1,157th of 2,096 in real estate & leasing. In 2023, employees put in $6.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,288,981
Participants with balances163
Active participants118
Employer contributions$74,524
Employee contributions$473,072
Employer contribution per active participant$632
Average account balance$56,988
Benefits paid to participants$301,747
Plan auditUnmodified (clean) audit opinion
AuditorFLAHERTY SALMIN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 151 accts · $77K emplr
2023$9.3M · 163 accts · $75K emplr
2022$7.9M · 151 accts · $79K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$400
Audit (IQPA)$9,113
Total administrative$9,513
The Landsman Development Corp. 401(k) match · 2023
Employer contribution per active participant$632
Median for plans this size$1,308
2024$649 per active participant
2023$632 per active participant
2022$707 per active participant

Landsman Development Corp.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FLAHERTY SALMIN LLP · Accounting / audit$9,113

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$1,300 · 0.01%
2023$9,513 · 0.11%
2022$11,225 · 0.12%
Same employer
Similar plansReal Estate & Leasing · New York
Rochester Management, Inc. NY$10.5M · 0.19%
Tgm Associates L.P. NY$10.2M · 0.67%
Tvr Communications LLC NY$8.9M · 0.56%
Smg Services, LLC NY$8.7M · 0.36%
Dawn Homes Management LLC NY$8.6M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160991380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.