Plan Ledger DOL Form 5500 · updated monthly

Linc Acquisition Co.401(k)

LINC SYSTEMS 401(K) PLAN · WESTFIELD, IN · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Linc Acquisition Co. reported $96,765 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $1,352 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 0.31% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 423rd-largest of 1,562 plans among Indiana employers on file, and the 1,337th of 4,246 in wholesale trade. In 2024, employees put in $5.32 for every $1.00 the employer contributed; active participation has shrunk from 288 to 211 since 2022.

Plan summary
Net assets, end of year$30,707,886
Participants with balances220
Active participants211
Employer contributions$285,307
Employee contributions$1,518,103
Employer contribution per active participant$1,352
Average account balance$139,581
Benefits paid to participants$2,601,460
Plan history3
Yearassets · accounts · employer contribution
2024$30.7M · 220 accts · $285K emplr
2023$27.3M · 232 accts · $307K emplr
2022$25.9M · 238 accts · $310K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$96,765
Total administrative$96,765
The Linc Acquisition Co. 401(k) match · 2024
Employer contribution per active participant$1,352
Median for plans this size$2,416
2024$1,352 per active participant
2023$1,144 per active participant
2022$1,076 per active participant

Linc Acquisition Co.'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
JOHN HANCOCK · Recordkeeping · Custodial$29,203
MACK FINANCIAL GROUP, INC. · Investment advisory (participants) · Investment advisory (plan)$50,218
CBIZ APA · Other services$6,870

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$96,765 · 0.33%
2023$98,105 · 0.37%
2022$87,879 · 0.31%
Similar plansWholesale Trade · Indiana
Gnap, LLC IN$33.1M · 0.02%
Shelby Gravel, Inc. IN$32.9M · 0.53%
Nachi America, Inc. IN$32.8M · 0.04%
Horner Electric Inc. IN$28.6M · 0.01%
Asa Electronics, LLC IN$25.6M · 0.11%
Polywood IN$25.0M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831539856 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.