Plan Ledger DOL Form 5500 · updated monthly

Leeway, Inc.401(k)

LEEWAY, INC. 401(K) RETIREMENT PLAN · NEW HAVEN, CT · plan year 2023

Reported admin expense ratio · 2023
0.73%

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

Leeway, Inc. reported $14,542 in plan administrative expenses for 2023: 0.73% of average plan assets, above the peer median. Employer contributions averaged $1,336 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 1 year on file its reported administrative ratio rose from 0.25% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Connecticut (1,028th of 1,106), and 9,841st of 11,911 in health care & social assistance. In 2023, employees put in $1.50 for every $1.00 the employer contributed; active participation has grown from 78 to 98 since 2022.

Plan summary
Net assets, end of year$2,237,165
Participants with balances120
Active participants98
Employer contributions$130,966
Employee contributions$195,862
Employer contribution per active participant$1,336
Average account balance$18,643
Benefits paid to participants$95,646
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $53K emplr
2023$2.2M · 120 accts · $131K emplr
2022$1.7M · 109 accts · $99K emplr
Administrative expenses, itemized · 2023
Investment management$7,542
Total administrative$14,542
The Leeway, Inc. 401(k) match · 2023
Employer contribution per active participant$1,336
Median for plans this size$1,308
2023$1,336 per active participant
2022$1,266 per active participant

Leeway, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
SMITH BROTHERS FINANCIAL LLC · Investment advisory (plan)$7,542
LEEWAY, INC.$7,000

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

Administrative cost history3
2024Not separately reported
2023$14,542 · 0.73%
2022$4,483 · 0.25%
Similar plansHealth Care & Social Assistance · Connecticut
Hart United, Inc. CT$2.7M · 0.99%
Home Care Associates CT$2.3M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223065847 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.