Plan Ledger DOL Form 5500 · updated monthly

Limco-Piedmont, Inc.401(k)

LIMCO-PIEDMONT, INC. 401(K) RETIREMENT PLAN · TULSA, OK · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Limco-Piedmont, Inc. reported $69,392 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,718 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 4 years on file its reported administrative ratio rose from 0.19% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 307th-largest of 724 plans among Oklahoma employers on file, and the 1,266th of 3,341 in other services. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 229 to 455 since 2020.

Plan summary
Net assets, end of year$15,464,696
Participants with balances472
Active participants455
Employer contributions$781,853
Employee contributions$1,478,924
Employer contribution per active participant$1,718
Average account balance$32,764
Benefits paid to participants$913,583
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$15.5M · 472 accts · $782K emplr
2023$12.4M · 401 accts · $669K emplr
2022$10.5M · 379 accts · $506K emplr
2020$11.3M · 405 accts · $189K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,392
Total administrative$69,392
The Limco-Piedmont, Inc. 401(k) match · 2024
Employer contribution per active participant$1,718
Median for plans this size$2,416
2024$1,718 per active participant
2023$1,823 per active participant
2022$1,449 per active participant
2020$824 per active participant

Limco-Piedmont, Inc.'s 2024 employer contribution ran below 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$69,392
MATCH GRADE ADVISORS, LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MGMT · Investment advisory (participants)indirect 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
2024$69,392 · 0.50%
2023$58,256 · 0.51%
2022$53,389 · 0.48%
2020$22,074 · 0.19%
Similar plansOther Services · Oklahoma
Candid Color Systems, Inc. OK$16.0M · 0.46%
Abbott Industries, Inc. OK$15.8M · 0.55%
R.K. Black, Inc. OK$14.4M · 0.39%
Inceed, LLC OK$12.6M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731160278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.