Larry Blumberg & Associates, Inc.401(k)
LBAM GROUP SECTION 401(K) PLAN · DOTHAN, AL · plan year 2022
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Larry Blumberg & Associates, Inc. reported $69,414 in plan administrative expenses for 2022: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $242 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Alabama (479th of 902), and the 593rd of 2,240 in accommodation & food services. In 2022, employees put in $2.90 for every $1.00 the employer contributed.
Larry Blumberg & Associates, Inc.'s 2022 employer contribution ran below the $2,266 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.
Annual cost at the plan's reported 2022 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 630836664 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.