Plan Ledger DOL Form 5500 · updated monthly

Lantis Enterprises, Inc.401(k)

LANTIS ENTERPRISES, INC. 401(K) PLAN · SPEARFISH, SD · plan year 2024

Reported admin expense ratio · 2024
0.99%

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

Lantis Enterprises, Inc. reported $51,657 in plan administrative expenses for 2024: 0.99% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1 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 0.99%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in South Dakota (183rd of 233), and 7,756th of 11,911 in health care & social assistance. In 2024, employees put in $835.48 for every $1.00 the employer contributed; active participation has shrunk from 430 to 273 since 2022.

Plan summary
Net assets, end of year$5,285,124
Participants with balances132
Active participants273
Employer contributions$301
Employee contributions$251,480
Employer contribution per active participant$1
Average account balance$40,039
Benefits paid to participants$938,674
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.3M · 132 accts · $301 emplr
2023$5.2M · 149 accts · $2K emplr
2022$5.1M · 170 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,952
Investment management$26,705
Total administrative$51,657
The Lantis Enterprises, Inc. 401(k) match · 2024
Employer contribution per active participant$1
Median for plans this size$1,313
2024$1 per active participant
2023$7 per active participant

Lantis Enterprises, Inc.'s 2024 employer contribution ran below the $1,313 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$2,484
WEALTHPLAN PARTNERS INC · Investment advisory (participants)$19,885

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$51,657 · 0.99%
2023$52,516 · 1.03%
2022$56,824 · 1.03%
Same employer
Similar plansHealth Care & Social Assistance · South Dakota
Dakotabilities, Inc. SD$6.9M · 0.40%
Profile Plan LLC SD$6.2M · 0.57%
Our Home, Inc. SD$5.5M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470615920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.