Plan Ledger DOL Form 5500 · updated monthly

Lbc Holdings, Inc.401(k)

LBC HOLDINGS, INC. 401(K) PROFIT SHARING PLAN · SAN LEANDRO, CA · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Lbc Holdings, Inc. reported $45,106 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $652 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 rose from 0.58% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,236th of 9,483), and 8,931st of 11,654 in professional & technical services. In 2024, employees put in $4.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,347,274
Participants with balances112
Active participants163
Employer contributions$106,333
Employee contributions$425,430
Employer contribution per active participant$652
Average account balance$65,601
Benefits paid to participants$449,514
Plan auditUnmodified (clean) audit opinion
AuditorSABOCOR & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 112 accts · $106K emplr
2023$6.5M · 120 accts · $100K emplr
2022$5.7M · 111 accts · $102K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,106
Total administrative$45,106
The Lbc Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$652
Median for plans this size$1,313
2024$652 per active participant
2023$579 per active participant
2022$589 per active participant

Lbc Holdings, Inc.'s 2024 employer contribution ran below 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.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$40,656
CENTRAL ADMINISTRATIVE SERVICES INC · Contract administrator · Other services$4,450
SBHU LIFE AGENCY INC · Other servicesindirect comp

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$45,106 · 0.65%
2023$37,471 · 0.61%
2022$35,374 · 0.58%
Similar plansProfessional & Technical Services · California
Insightly, Inc. CA$7.4M · 0.02%
Rani Therapeutics LLC CA$7.4M · 0.13%
Payjoy Inc CA$7.4M · 0.11%
Linkus Holdings, Inc. CA$7.4M · 0.00%
Bear Robotics, Inc CA$7.3M · 0.44%
Nauto, Inc. CA$7.3M · 0.42%
Wai & Connor, LLP CA$7.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943145525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.