Plan Ledger DOL Form 5500 · updated monthly

Lasseter Tractor Co Inc401(k)

LASSETER TRACTOR CO., INC. 401(K) PLAN · MOULTRIE, GA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Lasseter Tractor Co Inc reported $72,948 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,878 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 0.75% to 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Georgia (1,086th of 2,160), and the 2,140th of 5,215 in retail trade. In 2024, employees put in $2.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,981,477
Participants with balances126
Active participants162
Employer contributions$304,263
Employee contributions$736,400
Employer contribution per active participant$1,878
Average account balance$103,028
Benefits paid to participants$426,049
Plan auditUnmodified (clean) audit opinion
AuditorNICHOLS CAULEY
Plan history3
Yearassets · accounts · employer contribution
2024$13.0M · 126 accts · $304K emplr
2023$10.9M · 124 accts · $324K emplr
2022$8.5M · 125 accts · $306K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,161
Investment management$38,787
Total administrative$72,948
The Lasseter Tractor Co Inc 401(k) match · 2024
Employer contribution per active participant$1,878
Median for plans this size$2,416
2024$1,878 per active participant
2023$1,931 per active participant
2022$1,857 per active participant

Lasseter Tractor Co Inc's 2024 employer contribution ran below 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 · 20242
JOHN HANCOCK USA · Recordkeeping · Investment management$3,638
RAYMOND JAMES · Investment advisory (participants)$36,114

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$72,948 · 0.61%
2023$69,602 · 0.72%
2022$69,904 · 0.75%
Same employer
Similar plansRetail Trade · Georgia
J C Lewis Motor Co., Inc. GA$15.0M · 0.38%
Akin Ford Corporation GA$13.5M · 0.58%
Elite Floor Design Inc. GA$13.2M · 0.08%
Tipperary Sales, Inc. GA$12.9M · 0.66%
Belnick, Inc. GA$12.3M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580813297 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.