Plan Ledger DOL Form 5500 · updated monthly

Lipman Brothers LLC401(k)

LIPMAN BROTHERS LLC SAVINGS PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Lipman Brothers LLC reported $199,309 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,674 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 0.57% to 0.62%. 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 376th-largest of 1,496 plans among Tennessee employers on file, and the 1,193rd of 4,246 in wholesale trade. In 2024, employees put in $1.63 for every $1.00 the employer contributed; active participation has grown from 367 to 452 since 2022.

Plan summary
Net assets, end of year$34,339,391
Participants with balances565
Active participants452
Employer contributions$1,208,741
Employee contributions$1,964,414
Employer contribution per active participant$2,674
Average account balance$60,778
Benefits paid to participants$2,256,029
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$34.3M · 565 accts · $1.2M emplr
2023$29.6M · 540 accts · $1.1M emplr
2022$26.1M · 489 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$119,921
Investment management$79,388
Total administrative$199,309
The Lipman Brothers LLC 401(k) match · 2024
Employer contribution per active participant$2,674
Median for plans this size$2,416
2024$2,674 per active participant
2023$2,968 per active participant
2022$2,971 per active participant

Lipman Brothers LLC's 2024 employer contribution ran above 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 · 20244
JOHN HANCOCK · Recordkeeping$3,514
ACCESS RETIREMENT SERVICES · Recordkeepingindirect comp
JOHN HANCOCK · Recordkeeping · Investment managementindirect comp
RAYMOND JAMES & ASSOCIATES · Investment advisory (participants)$79,388

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

Recordkeeper by year2
2024ACCESS RETIREMENT SERVICES, John Hancock
2023ACCESS RETIREMENT SERVICES, John Hancock

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

Administrative cost history3
2024$199,309 · 0.62%
2023$180,853 · 0.65%
2022$158,918 · 0.57%
Same employer
Similar plansWholesale Trade · Tennessee
Fred's, Inc. TN$39.4M · 0.16%
Surgicor, LLC TN$34.3M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620759627 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.