Plan Ledger DOL Form 5500 · updated monthly

Lfc Enterprises LLC401(k)

LIPMAN 401(K) PLAN · IMMOKALEE, FL · plan year 2025

Reported admin expense ratio · 2025
0.36%

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

Lfc Enterprises LLC reported $93,267 in plan administrative expenses for 2025: 0.36% of average plan assets, above the peer median. Employer contributions averaged $983 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 rose from 0.33% to 0.36%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 873rd-largest of 3,644 plans among Florida employers on file, and the 173rd of 945 in agriculture, forestry & fishing. In 2025, employees put in $2.69 for every $1.00 the employer contributed; active participation has shrunk from 848 to 520 since 2022.

Plan summary
Net assets, end of year$27,938,529
Participants with balances344
Active participants520
Employer contributions$511,054
Employee contributions$1,375,732
Employer contribution per active participant$983
Average account balance$81,217
Benefits paid to participants$2,249,278
Plan auditUnmodified (clean) audit opinion
AuditorACCELL CPA & ASSOCIATES, P.A.
Plan history4
Yearassets · accounts · employer contribution
2025$27.9M · 344 accts · $511K emplr
2024$24.4M · 327 accts · $422K emplr
2023$22.9M · 346 accts · $403K emplr
2022$20.4M · 359 accts · $397K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$93,267
Total administrative$93,267
The Lfc Enterprises LLC 401(k) match · 2025
Employer contribution per active participant$983
Median for plans this size$2,666
2025$983 per active participant
2024$859 per active participant
2023$873 per active participant
2022$469 per active participant

Lfc Enterprises LLC's 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$93,266
S B H U LIFE AGENCY INC · Other servicesindirect comp

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

Administrative cost history4
2025$93,267 · 0.36%
2024$85,391 · 0.36%
2023$76,918 · 0.36%
2022$78,271 · 0.33%
Same employer
Similar plansAgriculture, Forestry & Fishing · Florida
Ben Hill Griffin, Inc. FL$34.3M · 0.30%
Barron Collier Partnership FL$33.3M · 0.02%
Naturipe Farms, LLC. FL$25.1M · 0.28%
Wedgworth Farms Inc FL$24.6M · 0.06%
Bernard Egan & Company FL$23.8M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593752775 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.