Plan Ledger DOL Form 5500 · updated monthly

Larsen Manufacturing, LLC401(k)

LARSEN MANUFACTURING, LLC 401(K) PROFIT SHARING PLAN AND TRUST · MUNDELEIN, IL · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Larsen Manufacturing, LLC reported $21,157 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,789 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 0.22%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,353rd of 3,702), and 8,590th of 13,661 in manufacturing. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 175 to 217 since 2022.

Plan summary
Net assets, end of year$10,434,535
Participants with balances238
Active participants217
Employer contributions$388,195
Employee contributions$570,979
Employer contribution per active participant$1,789
Average account balance$43,843
Benefits paid to participants$638,067
Plan auditUnmodified (clean) audit opinion
AuditorWARADY & DAVIS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 238 accts · $388K emplr
2023$8.9M · 291 accts · $361K emplr
2022$7.2M · 243 accts · $530K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,157
Total administrative$21,157
The Larsen Manufacturing, LLC 401(k) match · 2024
Employer contribution per active participant$1,789
Median for plans this size$1,313
2024$1,789 per active participant
2023$2,029 per active participant
2022$3,031 per active participant

Larsen Manufacturing, LLC's 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$21,157 · 0.22%
2023$22,275 · 0.28%
2022$15,845 · 0.21%
Similar plansManufacturing · Illinois
Motherboard Express Company IL$10.5M · 0.59%
Gurtler Chemicals Inc IL$10.5M · 0.44%
Preston Industries, Inc IL$10.4M · 0.04%
Maple Leaf Foods USA Inc. IL$10.4M · 0.01%
Tangent Technologies, LLC IL$10.3M · 0.60%
Colonial Bag LLC IL$10.1M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364279178 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.