How much does Lgc Associates, LLC contribute to its ESOP?

In 2022, employer contributions to the Lgc Associates, LLC plan averaged $1,631 per active participant, above the $331 median for plans of similar size. Public filings report contribution dollars, not the match formula; the formula is in the plan's summary plan description.

What is the average account balance in the Lgc Associates, LLC 401(k)?

The average participant account balance was -$4,767 for plan year 2022, based on 616 accounts.

Lgc Associates, LLCESOP

Name: Lgc Associates, LLC 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LGC ASSOCIATES EMPLOYEE STOCK OWNERSHIP PLAN · INDIANAPOLIS, IN · plan year 2022

Employer contribution per participant · 2022

$1,631

Lgc Associates, LLC's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held -$2,936,542 across 616 participant accounts, with employer contributions averaging $1,631 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other administrative & support services employers.

Plan summary
Net assets, end of year-$2,936,542
Participants with balances616
Active participants1,267
Employer contributions$2,066,621
Employee contributions—
Employer contribution per active participant$1,631
Average account balance-$4,767
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS

Plan history3

Yearassets · accounts · employer contribution

2024$-5.6M · 942 accts · $1.4M emplr

2023$-5.7M · 1,184 accts · $1.4M emplr

2022$-2.9M · 616 accts · $2.1M emplr

Employer contributions to the Lgc Associates, LLC plan · 2022

Employer contribution per active participant$1,631

Median for plans this size$331

2024$1,305 per active participant

2023$789 per active participant

2022$1,631 per active participant

Lgc Associates, LLC's 2022 employer contribution ran above the $331 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.

Administrative cost history3

2024Not separately reported

2023Not separately reported

2022Not separately reported

Same employer

Lgc Associates, LLC's health & benefits plan: carriers, premiums & broker pay

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Fee benchmarks by plan size

Source: U.S. Department of Labor, Form 5500 series, EIN 352151117 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.