Liberty Source401(k)
LIBERTY SOURCE 401(K) PLAN · FORT MONROE, VA · plan year 2024
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Liberty Source reported $484 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,122 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 0.44% to 0.08%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Virginia (2,203rd of 2,266), and 2,282nd of 2,534 in administrative & support services. In 2024, employees put in $1.51 for every $1.00 the employer contributed; active participation has shrunk from 77 to 57 since 2022.
Liberty Source's 2024 employer contribution ran above the $540 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 471149622 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.