Plan Ledger DOL Form 5500 · updated monthly

Ldf Business Development Corp.401(k)

LDF BUSINESS DEVELOPMENT CORP. 401(K) PLAN · LAC DU FLAMBEAU, WI · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

Ldf Business Development Corp. reported $39,493 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,517 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 5 years on file its reported administrative ratio fell from 1.46% to 1.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Wisconsin (1,556th of 1,936), and 3,821st of 5,337 in construction. In 2024, employees put in $1.40 for every $1.00 the employer contributed; active participation has grown from 73 to 206 since 2019.

Plan summary
Net assets, end of year$5,810,592
Participants with balances318
Active participants206
Employer contributions$312,578
Employee contributions$439,049
Employer contribution per active participant$1,517
Average account balance$18,272
Benefits paid to participants$302,110
Plan auditUnmodified (clean) audit opinion
Plan history5
Yearassets · accounts · employer contribution
2024$5.8M · 318 accts · $313K emplr
2023$1.9M · 224 accts · $235K emplr
2022$1.2M · 176 accts · $150K emplr
2020$963K · 153 accts · $136K emplr
2019$714K · 142 accts · $138K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,493
Total administrative$39,493
The Ldf Business Development Corp. 401(k) match · 2024
Employer contribution per active participant$1,517
Median for plans this size$1,313
2024$1,517 per active participant
2023$1,990 per active participant
2022$2,020 per active participant
2020$1,918 per active participant
2019$1,897 per active participant

Ldf Business Development Corp.'s 2024 employer contribution ran above 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
JOHN HANCOCK USA · Recordkeeping · Investment management$9,784
MAP RETIREMENT, INC. · Recordkeeping · Consulting$5,921
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (participants)$7,404

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, MAP RETIREMENT, INC.
2023John Hancock, MAP RETIREMENT, INC.

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Administrative cost history5
2024$39,493 · 1.03%
2023$25,734 · 1.69%
2022$17,390 · 1.60%
2020$11,797 · 1.41%
2019$8,722 · 1.46%
Same employer
Similar plansConstruction · Wisconsin
Suburban Drywall Inc WI$5.9M · 0.78%
Design Homes, Inc. WI$5.7M · 0.39%
Rhd Plumbing, Inc. WI$5.5M · 0.65%
Inland Companies, Inc. WI$5.1M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 461747336 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.