Laurel Machine & Foundry Company401(k)
LAUREL MACHINE & FOUNDRY COMPANY 401(K) PROFIT SHARING PLAN · LAUREL, MS · plan year 2022
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Laurel Machine & Foundry Company reported $36,032 in plan administrative expenses for 2022: 1.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $190 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 $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Mississippi (287th of 367), and 12,321st of 13,661 in manufacturing. In 2022, employees put in $9.24 for every $1.00 the employer contributed.
Laurel Machine & Foundry Company's 2022 employer contribution ran below the $1,114 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 640189360 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.