Plan Ledger DOL Form 5500 · updated monthly

Leonard S. Fiore, Inc.401(k)

LEONARD S. FIORE, INC. SAVINGS AND PREVAILING WAGE PLAN · ALTOONA, PA · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Leonard S. Fiore, Inc. reported $82,648 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $8,567 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 0.27% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,310th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,691st of 5,337 in construction. In 2024, the employer put in $2.66 for every $1.00 employees contributed themselves; active participation has grown from 202 to 231 since 2022.

Plan summary
Net assets, end of year$26,010,451
Participants with balances300
Active participants231
Employer contributions$1,978,906
Employee contributions$744,045
Employer contribution per active participant$8,567
Average account balance$86,702
Benefits paid to participants$2,391,901
Plan auditUnmodified (clean) audit opinion
AuditorHOLSINGER P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$26.0M · 300 accts · $2.0M emplr
2023$23.0M · 275 accts · $2.1M emplr
2022$20.8M · 286 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,056
Total administrative$82,648
The Leonard S. Fiore, Inc. 401(k) match · 2024
Employer contribution per active participant$8,567
Median for plans this size$2,416
2024$8,567 per active participant
2023$9,001 per active participant
2022$8,414 per active participant

Leonard S. Fiore, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20244
ROBERT W BAIRD & CO INCORPORATED · Investment advisory (plan)$70,698
METRO BENEFITS INC · Contract administrator$17,198
ROBERT W BAIRD & CO INCORPORATED · Investment advisory (plan)indirect comp

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$82,648 · 0.34%
2023$59,091 · 0.27%
2022Not separately reported
Same employer
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Qualtek USA, LLC PA$26.0M · 0.43%
People 2.0 Global, LP PA$25.9M · 0.05%
Caddick Utilities LLC PA$25.6M · 0.27%
Riggs Industries, Inc. PA$25.5M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251182956 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.