Plan Ledger DOL Form 5500 · updated monthly

Lennar Corporation401(k)

LENNAR CORPORATION 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Lennar Corporation reported $1,307,195 in plan administrative expenses for 2024: 0.09% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,497 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 0.10% to 0.09%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other construction employers. By assets it is the 26th-largest of 3,644 plans among Florida employers on file, and the 31st of 5,337 in construction. In 2024, employees put in $1.66 for every $1.00 the employer contributed; active participation has grown from 10,681 to 13,135 since 2022.

Plan summary
Net assets, end of year$1,617,821,648
Participants with balances16,857
Active participants13,135
Employer contributions$72,201,582
Employee contributions$120,182,278
Employer contribution per active participant$5,497
Average account balance$95,973
Benefits paid to participants$178,051,162
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.6B · 16,857 accts · $72.2M emplr
2023$1.4B · 15,194 accts · $53.6M emplr
2022$1.1B · 15,122 accts · $38.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$251,336
Investment management$128,872
Audit (IQPA)$37,000
Total administrative$1,307,195
The Lennar Corporation 401(k) match · 2024
Employer contribution per active participant$5,497
Median for plans this size$5,259
2024$5,497 per active participant
2023$4,674 per active participant
2022$3,597 per active participant

Lennar Corporation's 2024 employer contribution ran above the $5,259 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 · 20245
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$128,872
FAEGRE DRINKER BIDDLE & REATH LLP · Legal$39,527
MILLER KAPLAN ARASE LLP · Accounting / audit$37,000
EMPOWER FINANCIAL SERVICES, INC. · Securities brokerage$93

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$1,307,195 · 0.09%
2023$1,103,144 · 0.09%
2022$1,201,408 · 0.10%
Same employer
Similar plansConstruction · Florida
Emcor Group, Inc. CT$1.7B · 0.04%
Garney Holding Company MO$1.7B · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954337490 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.