Plan Ledger DOL Form 5500 · updated monthly

Lin Engineering, Inc.401(k)

LIN ENGINEERING, INC. & APPLIED MOTION PRODUCTS, INC. 401(K) PROFIT SHARING PLAN · MORGAN HILL, CA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Lin Engineering, Inc. reported $53,047 in plan administrative expenses for 2024: 0.56% of average plan assets, above the peer median. Employer contributions averaged $1,292 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 0.53% to 0.56%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (5,472nd of 9,483), and 8,808th of 13,661 in manufacturing. In 2024, employees put in $4.05 for every $1.00 the employer contributed; active participation has shrunk from 162 to 138 since 2022.

Plan summary
Net assets, end of year$9,937,883
Participants with balances124
Active participants138
Employer contributions$178,246
Employee contributions$722,036
Employer contribution per active participant$1,292
Average account balance$80,144
Benefits paid to participants$1,224,565
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 124 accts · $178K emplr
2023$9.0M · 137 accts · $188K emplr
2022$6.7M · 124 accts · $178K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,838
Investment management$22,626
Trustee / custodial$5,061
Total administrative$53,047
The Lin Engineering, Inc. 401(k) match · 2024
Employer contribution per active participant$1,292
Median for plans this size$1,313
2024$1,292 per active participant
2023$1,285 per active participant
2022$1,099 per active participant

Lin Engineering, Inc.'s 2024 employer contribution ran below the $1,313 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
WESPAC PLAN SERVICES, LLC · Contract administrator · Recordkeeping$19,410
WESPAC ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$22,626
CHARLES SCHWAB TRUST BANK · Contract administrator$5,061

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

Recordkeeper by year2
2024WESPAC PLAN SERVICES, LLC
2023WESPAC PLAN SERVICES, LLC

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Administrative cost history3
2024$53,047 · 0.56%
2023$34,189 · 0.44%
2022$36,964 · 0.53%
Same employer
Similar plansManufacturing · California
Maxco Supply, Inc CA$10.0M · 0.32%
Cline Cellars, Inc. CA$10.0M · 0.47%
Richwood Meat Company, Inc. CA$10.0M · 0.90%
Best Formulations, LLC CA$9.9M · 0.92%
Acromil, LLC CA$9.9M · 0.56%
Universal Molding Company CA$9.9M · 0.49%
Overair, Inc. CA$9.9M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 770287094 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.