Plan Ledger DOL Form 5500 · updated monthly

Lbpo Management, LLC401(k)

LBPO MANAGEMENT, LLC 401(K) PLAN · GAITHERSBURG, MD · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Lbpo Management, LLC reported $12,239 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $351 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 0.64% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Maryland (1,536th of 1,671), and 4,691st of 5,215 in retail trade. In 2024, employees put in $3.55 for every $1.00 the employer contributed; active participation has shrunk from 215 to 173 since 2022.

Plan summary
Net assets, end of year$1,897,602
Participants with balances266
Active participants173
Employer contributions$60,673
Employee contributions$215,392
Employer contribution per active participant$351
Average account balance$7,134
Benefits paid to participants$156,268
Plan auditUnmodified (clean) audit opinion
AuditorTHOMPSON, HUGHES & TROLLINGER, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$1.9M · 266 accts · $61K emplr
2023$1.6M · 218 accts · $60K emplr
2022$1.4M · 39 accts · $19K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,083
Investment management$5,156
Total administrative$12,239
The Lbpo Management, LLC 401(k) match · 2024
Employer contribution per active participant$351
Median for plans this size$1,313
2024$351 per active participant
2023$274 per active participant
2022$88 per active participant

Lbpo Management, LLC's 2024 employer contribution ran below the $1,313 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.

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$5,188
RAYMOND JAMES · Investment advisory (participants)$5,156

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$12,239 · 0.69%
2023$9,944 · 0.65%
2022$9,699 · 0.64%
Similar plansRetail Trade · Maryland
B.A.F.S., Inc. MD$2.8M · 0.82%
Fairland Market , Inc. MD$2.5M · 0.03%
Smc Management, Inc. MD$1.3M · 1.43%
Curio Holdings, LLC MD$1.1M · 0.90%
Gema Incorporated MD$30K · 2.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 821622435 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.