Le Claire Manufacturing Co.401(k)
LE CLAIRE MANUFACTURING CO. 401(K) EMPLOYEE BENEFIT PLAN · BETTENDORF, IA · plan year 2023
Le Claire Manufacturing Co.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $15,782,217 across 210 participant accounts, with employer contributions averaging $1,275 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Iowa (472nd of 878), and 6,868th of 13,661 in manufacturing. In 2023, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 192 to 244 since 2022.
Le Claire Manufacturing Co.'s 2023 employer contribution ran below the $2,440 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 420925751 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.