Laredo Technical Services, Inc.401(k)
LAREDO TECHNICAL SERVICES 401(K) PLAN · SAN ANTONIO, TX · plan year 2023
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Laredo Technical Services, Inc. reported $29,274 in plan administrative expenses for 2023: 2.84% of average plan assets, higher than ~90% of peers. Employer contributions averaged $738 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 1 year on file its reported administrative ratio rose from 1.55% to 2.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Texas (5,266th of 5,688), and 11,235th of 11,654 in professional & technical services. In 2023, employees put in $1.42 for every $1.00 the employer contributed.
Laredo Technical Services, Inc.'s 2023 employer contribution ran below the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 261496502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.