Plan Ledger DOL Form 5500 · updated monthly

Leeco Support Services401(k)

THE LAKELAND COMPANIES EMPLOYEES' PROFIT SHARING PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Leeco Support Services reported $72,628 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,014 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 676th-largest of 1,918 plans among Minnesota employers on file, and the 441st of 2,534 in administrative & support services. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,406,863
Participants with balances291
Active participants201
Employer contributions$605,786
Employee contributions$1,112,144
Employer contribution per active participant$3,014
Average account balance$107,927
Benefits paid to participants$6,113,926
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,628
Total administrative$72,628
The Leeco Support Services 401(k) match · 2024
Employer contribution per active participant$3,014
Median for plans this size$2,416

Leeco Support Services's 2024 employer contribution ran above the $2,416 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
RBC CAPITAL MARKETS LLC · Investment advisory (plan)$39,700

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

Administrative cost history1
2024$72,628 · 0.23%
Same employer
Similar plansAdministrative & Support Services · Minnesota
Procare HR Corporation I MN$49.1M · 1.30%
Salo, LLC MN$37.9M · 0.29%
I.C. System, Inc. MN$36.9M · 0.12%
Bay West LLC MN$23.6M · 0.28%
Verified Credentials, LLC MN$20.0M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411347994 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.