Plan Ledger DOL Form 5500 · updated monthly

Lester Electrical of Nebraska, Inc.401(k)

LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN · LINCOLN, NE · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Lester Electrical of Nebraska, Inc. reported $32,871 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,395 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 0.25%. 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 among the smaller plans on file in Nebraska (326th of 565), and 7,539th of 13,661 in manufacturing. In 2024, employees put in $3.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,564,190
Participants with balances134
Active participants106
Employer contributions$147,841
Employee contributions$522,368
Employer contribution per active participant$1,395
Average account balance$101,225
Benefits paid to participants$995,846
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 134 accts · $148K emplr
2023$12.6M · 130 accts · $146K emplr
2022$11.8M · 132 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,871
Total administrative$32,871
The Lester Electrical of Nebraska, Inc. 401(k) match · 2024
Employer contribution per active participant$1,395
Median for plans this size$2,416
2024$1,395 per active participant
2023$1,374 per active participant
2022$1,375 per active participant

Lester Electrical of Nebraska, Inc.'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$32,871
WILSHIRE ADVISORS LLC · 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$32,871 · 0.25%
2023$29,983 · 0.25%
2022$30,906 · 0.24%
All plans at this employer2
LESTER ELECTRICAL OF NEBRASKA, INC. EMPLOYEE STOCK OWNERSHIP PLAN AND TRUSTESOP
LESTER ELECTRICAL OF NEBRASKA, INC. 401(K) SAVINGS PLAN401(k)
Same employer
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Phillips Manufacturing Co. NE$15.2M · 0.48%
Kugler Oil Company NE$15.1M · 0.32%
Garner Industries, LLC NE$14.5M · 0.37%
Endicott Clay Products Co. NE$14.2M · 0.51%
Kaapa Ethanol Holdings, LLC NE$13.6M · 0.13%
Elliott Equipment Company NE$12.7M · 0.51%
Consolidated Concrete Co. NE$11.0M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470470917 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.