Lectrosonics, Inc.401(k)
LECTROSONICS, INC. 401(K) PLAN · RIO RANCHO, NM · plan year 2023
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Lectrosonics, Inc. reported $76,338 in plan administrative expenses for 2023: 0.42% of average plan assets, above the peer median. Employer contributions averaged $1,773 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 0.40% to 0.45%. 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 93rd-largest of 290 plans among New Mexico employers on file, and the 6,063rd of 13,661 in manufacturing. In 2023, employees put in $3.34 for every $1.00 the employer contributed; active participation has shrunk from 127 to 111 since 2022.
Lectrosonics, Inc.'s 2023 employer contribution ran below the $2,440 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Lectrosonics, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 850212816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.