Plan Ledger DOL Form 5500 · updated monthly

Lebanon Seaboard Corporation401(k)

LEBANON SEABOARD 401(K) PLAN & TRUST · LEBANON, PA · plan year 2023

Reported admin expense ratio · 2023
0.01%

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

Lebanon Seaboard Corporation reported $3,833 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $4,342 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 fell from 0.03% to 0.01%. 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 the 1,272nd-largest of 3,651 plans among Pennsylvania employers on file, and the 4,841st of 13,661 in manufacturing. In 2023, employees put in $1.25 for every $1.00 the employer contributed; active participation has grown from 197 to 222 since 2022.

Plan summary
Net assets, end of year$27,189,061
Participants with balances338
Active participants222
Employer contributions$963,959
Employee contributions$1,203,037
Employer contribution per active participant$4,342
Average account balance$80,441
Benefits paid to participants$5,201,368
Plan auditUnmodified (clean) audit opinion
AuditorRKL LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.9M · 316 accts · $997K emplr
2023$27.2M · 338 accts · $964K emplr
2022$25.9M · 283 accts · $882K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,833
Total administrative$3,833
The Lebanon Seaboard Corporation 401(k) match · 2023
Employer contribution per active participant$4,342
Median for plans this size$2,440
2024$4,260 per active participant
2023$4,342 per active participant
2022$4,479 per active participant

Lebanon Seaboard Corporation's 2023 employer contribution ran above the $2,440 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
FULTON BANK, N.A. · Recordkeeping · Consulting$5,705

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024FULTON BANK, N.A.
2023FULTON BANK, N.A.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$3,939 · 0.01%
2023$3,833 · 0.01%
2022$10,117 · 0.03%
Same employer
Similar plansManufacturing · Pennsylvania
Rigidply Rafters, Inc. PA$27.3M · 0.01%
Corry Manufacturing Company PA$27.1M · 0.28%
Virtus Corporation Inc. PA$26.9M · 0.01%
Resin Solutions, LLC PA$26.7M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231296267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.