Plan Ledger DOL Form 5500 · updated monthly

Leonard Holding Company401(k)

LEONARD HOLDING COMPANY 401(K) PLAN · SAN ANTONIO, TX · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Leonard Holding Company reported $52,786 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $2,033 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 rose from 0.28% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,129th-largest of 5,688 plans among Texas employers on file, and the 6,222nd of 13,661 in manufacturing. In 2024, employees put in $1.88 for every $1.00 the employer contributed; active participation has grown from 310 to 473 since 2022.

Plan summary
Net assets, end of year$18,539,000
Participants with balances716
Active participants473
Employer contributions$961,458
Employee contributions$1,809,462
Employer contribution per active participant$2,033
Average account balance$25,892
Benefits paid to participants$2,341,399
Plan auditUnmodified (clean) audit opinion
AuditorADKF, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$18.5M · 716 accts · $961K emplr
2023$16.2M · 566 accts · $792K emplr
2022$12.9M · 419 accts · $658K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,802
Investment management$41,984
Total administrative$52,786
The Leonard Holding Company 401(k) match · 2024
Employer contribution per active participant$2,033
Median for plans this size$2,416
2024$2,033 per active participant
2023$1,784 per active participant
2022$2,121 per active participant

Leonard Holding Company's 2024 employer contribution ran below 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
NEWPORT GROUP, INC. · Contract administrator · Recordkeepingindirect comp
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan) · Investment management$41,984

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$52,786 · 0.30%
2023$74,490 · 0.51%
2022$39,958 · 0.28%
Same employer
Similar plansManufacturing · Texas
Aspen Enterprises, LTD. TX$18.9M · 0.15%
Presco Polymers Opco, Inc. TX$18.9M · 0.19%
Nexperia USA Inc. TX$18.8M · 0.05%
Republic Elite, LLC TX$18.8M · 0.67%
Interceramic, Inc. TX$18.5M · 0.05%
Colt Services, LP TX$18.4M · 0.27%
Elamex USA, Corp. TX$18.3M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880329816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.