Plan Ledger DOL Form 5500 · updated monthly

Lbb Specialties Holdings LLC401(k)

LBB SPECIALTIES 401(K) PLAN · NORWALK, CT · plan year 2023

Reported admin expense ratio · 2023
0.14%

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

Lbb Specialties Holdings LLC reported $66,629 in plan administrative expenses for 2023: 0.14% of average plan assets, below the peer median. Employer contributions averaged $6,748 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 1 year on file its reported administrative ratio rose from 0.14% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other wholesale trade employers. By assets it is the 305th-largest of 1,106 plans among Connecticut employers on file, and the 823rd of 4,246 in wholesale trade. In 2023, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,150,394
Participants with balances215
Active participants162
Employer contributions$1,093,178
Employee contributions$2,530,488
Employer contribution per active participant$6,748
Average account balance$233,258
Benefits paid to participants$8,083,049
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$47.5M · 255 accts · $893K emplr
2023$50.2M · 215 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,635
Investment management$49,994
Total administrative$66,629
The Lbb Specialties Holdings LLC 401(k) match · 2023
Employer contribution per active participant$6,748
Median for plans this size$2,440
2024$4,554 per active participant
2023$6,748 per active participant

Lbb Specialties Holdings LLC's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
SENTINEL PENSION ADVISORS · Investment advisory (plan)$49,994
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$16,635

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

Administrative cost history2
2024$82,493 · 0.17%
2023$66,629 · 0.14%
Same employer
Similar plansWholesale Trade · Connecticut
Bozzuto's, Inc. CT$95.1M · 0.07%
Icon International, Inc. CT$60.6M · 0.01%
Thule Inc. CT$46.5M · 0.45%
Melissa & Doug, LLC CT$38.4M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850672680 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.