Lee Michaels Jewelers, LLC401(k)
LEE MICHAELS JEWELERS 401K PROFIT SHARING PLAN AND TRUST · BATON ROUGE, LA · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Lee Michaels Jewelers, LLC reported $1,050 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $744 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 0.011% to 0.010%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 387th-largest of 884 plans among Louisiana employers on file, and the 2,308th of 5,215 in retail trade. In 2024, employees put in $4.64 for every $1.00 the employer contributed; active participation has grown from 132 to 168 since 2022.
Lee Michaels Jewelers, LLC's 2024 employer contribution ran below the $2,416 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 720838942 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.