Plan Ledger DOL Form 5500 · updated monthly

Lewis M. Carter Manufacturing Company, Inc.401(k)

LEWIS M. CARTER MANUFACTURING COMPANY, INC. 401(K) PROFIT SHARING PLAN · DONALSONVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Lewis M. Carter Manufacturing Company, Inc. reported $51,176 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,444 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 1.03% to 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Georgia (1,576th of 2,160), and 10,915th of 13,661 in manufacturing. In 2024, employees put in $2.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,546,619
Participants with balances140
Active participants150
Employer contributions$216,532
Employee contributions$450,574
Employer contribution per active participant$1,444
Average account balance$39,619
Benefits paid to participants$1,118,001
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 140 accts · $217K emplr
2023$5.4M · 138 accts · $206K emplr
2022$4.5M · 146 accts · $203K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,747
Investment management$18,429
Total administrative$51,176
The Lewis M. Carter Manufacturing Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,444
Median for plans this size$1,313
2024$1,444 per active participant
2023$1,464 per active participant
2022$1,250 per active participant

Lewis M. Carter Manufacturing Company, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$4,222

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$51,176 · 0.94%
2023$49,874 · 1.01%
2022$53,456 · 1.03%
Same employer
Similar plansManufacturing · Georgia
Controlled Products, LLC. GA$5.7M · 0.05%
Sienna Corporation GA$5.7M · 0.91%
Chemence, Inc. GA$5.6M · 0.16%
Stimlabs, LLC GA$5.6M · 1.35%
Scruggs Concrete Inc. GA$5.3M · 0.03%
Panel Built, Inc. GA$5.3M · 0.56%
Agco, Inc. GA$5.2M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 580939216 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.