Plan Ledger DOL Form 5500 · updated monthly

Linn Gear Company, Inc.401(k)

LINN GEAR CO., INC. PROFIT SHARING & 401(K) PLAN · LEBANON, OR · plan year 2022

Reported admin expense ratio · 2022
0.73%

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

Linn Gear Company, Inc. reported $57,504 in plan administrative expenses for 2022: 0.73% of average plan assets, above the peer median. Employer contributions averaged $163 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 fell from 0.73% to 0.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Oregon (668th of 1,021), and 10,229th of 13,661 in manufacturing. In 2022, employees put in $19.16 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,900,912
Participants with balances127
Active participants96
Employer contributions$15,604
Employee contributions$298,951
Employer contribution per active participant$163
Average account balance$54,338
Benefits paid to participants$882,689
Plan auditUnmodified (clean) audit opinion
AuditorDOUGALL CONRADIE LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 101 accts · $12K emplr
2023$6.7M · 114 accts · $12K emplr
2022$6.9M · 127 accts · $16K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$57,504
Total administrative$57,504
The Linn Gear Company, Inc. 401(k) match · 2022
Employer contribution per active participant$163
Median for plans this size$1,114
2024$140 per active participant
2023$131 per active participant
2022$163 per active participant

Linn Gear Company, Inc.'s 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$31,484 · 0.52%
2023$32,844 · 0.48%
2022$57,504 · 0.73%
Similar plansManufacturing · Oregon
The Ulven Companies OR$7.1M · 0.68%
Herb Pharm, LLC OR$7.1M · 0.41%
Ess Tech Subsidiary, Inc OR$6.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930457345 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.