Plan Ledger DOL Form 5500 · updated monthly

Leonard Management401(k)

LEONARD MANAGEMENT 401(K) PLAN · ELKHORN, NE · plan year 2024

Reported admin expense ratio · 2024
1.61%

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

Leonard Management reported $60,056 in plan administrative expenses for 2024: 1.61% of average plan assets, higher than ~90% of peers. Employer contributions averaged $452 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 1.32% to 1.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Nebraska (480th of 565), and the 979th of 2,240 in accommodation & food services. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 583 to 701 since 2022.

Plan summary
Net assets, end of year$4,252,994
Participants with balances226
Active participants701
Employer contributions$316,763
Employee contributions$555,458
Employer contribution per active participant$452
Average account balance$18,819
Benefits paid to participants$227,789
Plan auditUnmodified (clean) audit opinion
AuditorWENDLING NOE NELSON & JOHNSON LLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.3M · 226 accts · $317K emplr
2023$3.2M · 189 accts · $298K emplr
2022$2.2M · 195 accts · $297K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,056
Total administrative$60,056
The Leonard Management 401(k) match · 2024
Employer contribution per active participant$452
Median for plans this size$1,313
2024$452 per active participant
2023$478 per active participant
2022$509 per active participant

Leonard Management's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$48,223
FUTUREPLAN BY ASCENSUS · Recordkeeping · Loan processing$2,250
BANK OF AMERICA NA · Investment advisory (plan)$9,385

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

Recordkeeper by year2
2024Ascensus, Transamerica
2023Ascensus, Transamerica

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

Administrative cost history3
2024$60,056 · 1.61%
2023$45,373 · 1.69%
2022$26,542 · 1.32%
Similar plansAccommodation & Food Services · Nebraska
Runza National, Inc NE$16.8M · 0.37%
Boundless Enterprises, LLC NE$16.4M · 1.02%
Drm, Inc. NE$3.9M · 0.41%
Golden Moments LLC NE$3.1M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421426079 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.