Plan Ledger DOL Form 5500 · updated monthly

Lefebvre Companies, Inc.401(k)

LEFEBVRE COMPANIES 401(K) PLAN · ELK RIVER, MN · plan year 2023

Reported admin expense ratio · 2023
0.62%

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

Lefebvre Companies, Inc. reported $35,607 in plan administrative expenses for 2023: 0.62% of average plan assets, above the peer median. Employer contributions averaged $639 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 3 years on file its reported administrative ratio has held roughly steady near 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Minnesota (1,493rd of 1,918), and 1,491st of 2,677 in transportation & warehousing. In 2023, employees put in $7.36 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,217,088
Participants with balances205
Active participants89
Employer contributions$56,859
Employee contributions$418,640
Employer contribution per active participant$639
Average account balance$30,327
Benefits paid to participants$611,697
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 198 accts · $45K emplr
2023$6.2M · 205 accts · $57K emplr
2022$5.3M · 191 accts · $48K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$16,094
Investment management$16,943
Total administrative$35,607
The Lefebvre Companies, Inc. 401(k) match · 2023
Employer contribution per active participant$639
Median for plans this size$1,308
2024$566 per active participant
2023$639 per active participant
2022$550 per active participant

Lefebvre Companies, Inc.'s 2023 employer contribution ran below the $1,308 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.

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 · 20232
SAGEPOINT FINANCIAL INC · Investment advisory (plan)$11,717

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$40,415 · 0.66%
2023$35,607 · 0.62%
2022$38,730 · 0.65%
Similar plansTransportation & Warehousing · Minnesota
Long Haul Trucking, Inc. MN$8.1M · 0.29%
Transport Designs, Inc. MN$7.7M · 0.59%
Triangle Warehouse, Inc. MN$6.9M · 0.07%
California Overland, LTD. MN$6.2M · 0.82%
Total Logistics, Inc. MN$5.8M · 4.76%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411783497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.