Plan Ledger DOL Form 5500 · updated monthly

Lincoln Manufacturing USA, LLC401(k)

EMPLOYEE BENEFIT PLAN OF LINCOLN MANUFACTURING USA, LLC · STANFORD, KY · plan year 2023

Reported admin expense ratio · 2023
0.02%

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

Lincoln Manufacturing USA, LLC reported $520 in plan administrative expenses for 2023: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $985 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 1 year on file its reported administrative ratio fell from 0.16% to 0.02%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Kentucky (739th of 871), and 12,409th of 13,661 in manufacturing. In 2023, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,772,154
Participants with balances90
Active participants68
Employer contributions$66,946
Employee contributions$145,262
Employer contribution per active participant$985
Average account balance$30,802
Benefits paid to participants$425,462
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$2.8M · 90 accts · $67K emplr
2022$2.5M · 104 accts · $62K emplr
The Lincoln Manufacturing USA, LLC 401(k) match · 2023
Employer contribution per active participant$985
Median for plans this size$1,308
2023$985 per active participant
2022$887 per active participant

Lincoln Manufacturing USA, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$520
LINCOLN NATIONAL CORPORATION · Contract administrator$200

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

Administrative cost history2
2023$520 · 0.02%
2022$4,173 · 0.16%
Same employer
Similar plansManufacturing · Kentucky
Dunaway Timber Company KY$2.8M · 0.17%
Flex Films USA, Inc. KY$2.8M · 0.11%
Cumberland Cooperage LLC KY$2.7M · 0.61%
Bruss North America, Inc. KY$2.7M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 300104814 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.