Plan Ledger DOL Form 5500 · updated monthly

Lane-Valente Industries, Inc.401(k)

LANE-VALENTE INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN & TRU · SMITHTOWN, NY · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Lane-Valente Industries, Inc. reported $115,004 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,346 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 3 years on file its reported administrative ratio has held roughly steady near 0.40%. 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 the 1,886th-largest of 5,648 plans among New York employers on file, and the 1,479th of 5,337 in construction. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 316 to 355 since 2022.

Plan summary
Net assets, end of year$31,504,777
Participants with balances350
Active participants355
Employer contributions$832,739
Employee contributions$1,862,623
Employer contribution per active participant$2,346
Average account balance$90,014
Benefits paid to participants$1,081,236
Plan auditUnmodified (clean) audit opinion
AuditorCRAIG FITZSIMMONS & MEYER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$31.5M · 350 accts · $833K emplr
2023$25.5M · 344 accts · $778K emplr
2022$19.9M · 312 accts · $700K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,936
Investment management$69,068
Total administrative$115,004
The Lane-Valente Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,346
Median for plans this size$2,416
2024$2,346 per active participant
2023$2,254 per active participant
2022$2,215 per active participant

Lane-Valente Industries, Inc.'s 2024 employer contribution ran below 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
WELLS FARGO ADVISORS FINANCIAL NETW · Recordkeeping · Trustee$69,068
ADP, INC. · Loan processing · Recordkeeping$45,936
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, Wells Fargo
2023ADP, Wells Fargo

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Administrative cost history3
2024$115,004 · 0.40%
2023$92,477 · 0.41%
2022$87,443 · 0.41%
Similar plansConstruction · New York
Gorman Bros., Inc. NY$32.3M · 0.43%
The Landtek Group, Inc. NY$31.9M · 1.03%
Sciame Construction, LLC NY$31.3M · 0.02%
Luck Brothers, Inc. NY$31.1M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113459495 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.