Plan Ledger DOL Form 5500 · updated monthly

Lee Masonry Products, Inc.401(k)

LEE MASONRY PRODUCTS, INC. 401(K) PLAN · HOPKINSVILLE, KY · plan year 2023

Reported admin expense ratio · 2023
0.01%

Lee Masonry Products, Inc. reported $866 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. 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 0.02% to 0.12%. 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 372nd-largest of 871 plans among Kentucky employers on file, and 7,199th of 13,661 in manufacturing. active participation has grown from 337 to 428 since 2022.

Plan summary
Net assets, end of year$14,628,761
Participants with balances211
Active participants428
Employer contributions—
Employee contributions$779,112
Employer contribution per active participant—
Average account balance$69,331
Benefits paid to participants$1,326,585
Plan auditUnmodified (clean) audit opinion
AuditorKRAFTCPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$14.2M · 181 accts
2023$14.6M · 211 accts
2022$13.2M · 197 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,640
Total administrative$866
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 · 20234
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (plan)$46,547
FORVIS WEALTH ADVISORS · Accounting / audit · Contract administrator$11,629
KRAFT CPAS, PLLC · Accounting / audit$6,450
CAPITAL GROUP RETIREMENT SRVCS$550

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

Administrative cost history3
2024$16,891 · 0.12%
2023$866 · 0.01%
2022$3,162 · 0.02%
Same employer
Similar plansManufacturing · Kentucky
Carbide Industries, LLC KY$14.9M · 0.46%
Aichi Forge USA, Inc. KY$14.8M · 0.99%
New Mather Metals, Inc. KY$14.0M · 0.54%
Trace Die Cast, Inc. KY$14.0M · 0.49%
Dant Clayton Corporation KY$13.4M · 0.18%
Champion Petfoods USA Inc. KY$13.2M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610901825 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.