Plan Ledger DOL Form 5500 · updated monthly

Light Sources, Inc.401(k)

LIGHT SOURCES, INC.401(K) PLAN · ORANGE, CT · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Light Sources, Inc. reported $145,109 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,663 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 has held roughly steady near 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 452nd-largest of 1,106 plans among Connecticut employers on file, and the 4,738th of 13,661 in manufacturing. In 2024, employees put in $1.39 for every $1.00 the employer contributed; active participation has shrunk from 184 to 149 since 2022.

Plan summary
Net assets, end of year$28,012,713
Participants with balances181
Active participants149
Employer contributions$545,766
Employee contributions$758,059
Employer contribution per active participant$3,663
Average account balance$154,766
Benefits paid to participants$2,096,171
Plan auditUnmodified (clean) audit opinion
AuditorWALSH & DICKINSON
Plan history3
Yearassets · accounts · employer contribution
2024$28.0M · 181 accts · $546K emplr
2023$25.9M · 198 accts · $560K emplr
2022$24.5M · 209 accts · $569K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$145,109
Total administrative$145,109
The Light Sources, Inc. 401(k) match · 2024
Employer contribution per active participant$3,663
Median for plans this size$2,416
2024$3,663 per active participant
2023$3,478 per active participant
2022$3,094 per active participant

Light Sources, 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 · 20243
PROCYON ADVISORS, LLC · Recordkeeping · Pension consulting$100,069
ADP, INC. · Recordkeeping · Loan processing$28,474
MAGII PENSION SERVICES, LLC · Recordkeeping · Pension consulting$16,261

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

Recordkeeper by year2
2024ADP, MAGII PENSION SERVICES, LLC, PROCYON ADVISORS, LLC
2023ADP, MAGII PENSION SERVICES LLC, PROCYON ADVISORS, LLC

This plan has changed recordkeepers within these filings. If you left Light Sources, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$145,109 · 0.54%
2023$147,233 · 0.58%
2022$142,620 · 0.52%
Same employer
Similar plansManufacturing · Connecticut
Shelterlogic Corp. CT$29.0M · 0.28%
Hubbard-Hall, Inc. CT$28.2M · 0.23%
Proton Energy Systems, Inc. CT$28.0M · 0.06%
The Pmt Group, Inc. CT$27.7M · 0.04%
Wiremold Company CT$27.6M · 0.13%
Dymax Corporation CT$27.3M · 0.34%
H & T Waterbury, Inc. CT$27.3M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061074620 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.