Plan Ledger DOL Form 5500 · updated monthly

Le Claire Manufacturing Co.401(k)

LE CLAIRE MANUFACTURING CO. 401(K) EMPLOYEE BENEFIT PLAN · BETTENDORF, IA · plan year 2023

Employer contribution per participant · 2023
$1,275

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.

Plan summary
Net assets, end of year$15,782,217
Participants with balances210
Active participants244
Employer contributions$311,136
Employee contributions$600,457
Employer contribution per active participant$1,275
Average account balance$75,153
Benefits paid to participants$2,066,662
Plan auditUnmodified (clean) audit opinion
AuditorTIMER & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 193 accts · $297K emplr
2023$15.8M · 210 accts · $311K emplr
2022$13.9M · 220 accts · $370K emplr
The Le Claire Manufacturing Co. 401(k) match · 2023
Employer contribution per active participant$1,275
Median for plans this size$2,440
2024$1,356 per active participant
2023$1,275 per active participant
2022$1,926 per active participant

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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
Similar plansManufacturing · Iowa
Gerkin Windows & Doors IA$17.1M · 0.35%
Frm Socks LLC IA$17.1M · 0.49%
Raining Rose, Inc. IA$15.7M · 0.24%
Amana Society IA$15.5M · 0.23%
Hwh Corporation IA$15.5M · 0.05%

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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.