Plan Ledger DOL Form 5500 · updated monthly

Life Cycle Engineering, Inc.401(k)

LCE EMPLOYEE SAVINGS PLAN · NORTH CHARLESTON, SC · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Life Cycle Engineering, Inc. reported $209,172 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,288 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 0.30% to 0.32%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 84th-largest of 807 plans among South Carolina employers on file, and the 2,088th of 11,654 in professional & technical services. In 2024, employees put in $3.53 for every $1.00 the employer contributed; active participation has grown from 473 to 525 since 2022.

Plan summary
Net assets, end of year$68,924,137
Participants with balances777
Active participants525
Employer contributions$1,201,101
Employee contributions$4,242,695
Employer contribution per active participant$2,288
Average account balance$88,705
Benefits paid to participants$7,613,791
Plan auditUnmodified (clean) audit opinion
AuditorJONES, POUNDER & ASSOCIATES, PC
Plan history3
Yearassets · accounts · employer contribution
2024$68.9M · 777 accts · $1.2M emplr
2023$61.8M · 771 accts · $1.1M emplr
2022$53.4M · 773 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$198,872
Audit (IQPA)$10,300
Total administrative$209,172
The Life Cycle Engineering, Inc. 401(k) match · 2024
Employer contribution per active participant$2,288
Median for plans this size$3,635
2024$2,288 per active participant
2023$2,104 per active participant
2022$2,401 per active participant

Life Cycle Engineering, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$198,872
JONES, POUNDER & ASSOCIA · Accounting / audit$10,305
ROYAL ALLIANCE ASSOCIATES INC · Investment advisory (plan)indirect comp

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

Recordkeeper by year2
2024Principal
2023Principal

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

Administrative cost history3
2024$209,172 · 0.32%
2023$190,639 · 0.33%
2022$181,468 · 0.30%
All plans at this employer2
LCE EMPLOYEE SAVINGS PLAN401(k)
LIFE CYCLE ENGINEERING, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
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Benefitfocus.com, Inc. SC$109.7M · 0.13%
Terminix Service, Inc. SC$98.1M · 0.18%
Nutramax Laboratories, Inc. SC$74.1M · 0.19%
LS3P Associates LTD. SC$72.3M · 0.17%
Mercedes-Benz Vans, LLC SC$54.0M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570649372 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.