Plan Ledger DOL Form 5500 · updated monthly

Lfb USA, Inc.401(k)

LFB USA, INC. 401(K) PLAN · FRAMINGHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Lfb USA, Inc. reported $59,507 in plan administrative expenses for 2024: 0.15% of average plan assets, below the peer median. Employer contributions averaged $3,694 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 0.14% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 790th-largest of 2,726 plans among Massachusetts employers on file, and the 2,139th of 11,911 in health care & social assistance. In 2024, employees put in $1.59 for every $1.00 the employer contributed; active participation has grown from 214 to 291 since 2022.

Plan summary
Net assets, end of year$42,264,070
Participants with balances407
Active participants291
Employer contributions$1,074,832
Employee contributions$1,710,523
Employer contribution per active participant$3,694
Average account balance$103,843
Benefits paid to participants$3,149,828
Plan auditUnmodified (clean) audit opinion
AuditorCARON & BLETZER,PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$42.3M · 407 accts · $1.1M emplr
2023$36.6M · 434 accts · $980K emplr
2022$32.5M · 314 accts · $825K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,546
Investment management$961
Total administrative$59,507
The Lfb USA, Inc. 401(k) match · 2024
Employer contribution per active participant$3,694
Median for plans this size$2,416
2024$3,694 per active participant
2023$3,322 per active participant
2022$3,856 per active participant

Lfb USA, Inc.'s 2024 employer contribution ran above 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$58,546

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$59,507 · 0.15%
2023$46,409 · 0.13%
2022$52,061 · 0.14%
Same employer
Similar plansHealth Care & Social Assistance · Massachusetts

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Source: U.S. Department of Labor, Form 5500 series, EIN 464974456 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.