Plan Ledger DOL Form 5500 · updated monthly

Larson Texts, Inc.401(k)

LARSON TEXTS, INC. EMPLOYEES' SAVINGS AND RETIREMENT PLAN · ERIE, PA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Larson Texts, Inc. reported $63,876 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $2,864 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 2 years on file its reported administrative ratio fell from 0.37% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,540th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,027th of 2,199 in information & media. In 2024, employees put in $1.81 for every $1.00 the employer contributed; active participation has grown from 180 to 209 since 2022.

Plan summary
Net assets, end of year$19,906,494
Participants with balances207
Active participants209
Employer contributions$598,604
Employee contributions$1,084,728
Employer contribution per active participant$2,864
Average account balance$96,167
Benefits paid to participants$1,048,650
Plan auditUnmodified (clean) audit opinion
AuditorMCGILL, POWER, BELL & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 207 accts · $599K emplr
2023$17.6M · 202 accts · $565K emplr
2022$15.2M · 147 accts · $431K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,344
Investment management$44,842
Audit (IQPA)$15,690
Total administrative$63,876
The Larson Texts, Inc. 401(k) match · 2024
Employer contribution per active participant$2,864
Median for plans this size$2,416
2024$2,864 per active participant
2023$2,839 per active participant
2022$2,392 per active participant

Larson Texts, Inc.'s 2024 employer contribution ran above 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
MCGILL POWER BELL & ASSOCIATES, LLP · Accounting / audit$15,690
NATIONAL PROFESSIONAL PLANNING GROU · Contract administrator$3,344

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

Administrative cost history3
2024$63,876 · 0.34%
2023$60,879 · 0.37%
2022$59,179 · 0.37%
Same employer
Similar plansInformation & Media · Pennsylvania
J.W. Pepper & Son, Inc. PA$23.3M · 0.17%
Alcare Communications, Inc. PA$23.0M · 0.02%
Jpl Video Productions, Inc. PA$21.9M · 0.55%
Lenfest Enterprises, LLC PA$21.6M · 0.01%
Press-Enterprise, Inc. PA$17.5M · 0.09%
Treasure Lake LP PA$16.5M · 0.44%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 251685733 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.