Plan Ledger DOL Form 5500 · updated monthly

Livingston Hearing Aid Centers, Inc.401(k)

LIVINGSTON HEARING CENTERS, INC. 401(K) PLAN · LUBBOCK, TX · plan year 2024

Reported admin expense ratio · 2024
0.96%

Livingston Hearing Aid Centers, Inc. reported $66,428 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. 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 3 years on file its reported administrative ratio has held roughly steady near 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Texas (3,461st of 5,688), and 6,610th of 11,911 in health care & social assistance. active participation has grown from 213 to 253 since 2022.

Plan summary
Net assets, end of year$7,645,678
Participants with balances161
Active participants253
Employer contributions—
Employee contributions$846,953
Employer contribution per active participant—
Average account balance$47,489
Benefits paid to participants$156,345
Plan auditUnmodified (clean) audit opinion
AuditorBENNETT BENNETT & TRICE
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 161 accts
2023$6.2M · 131 accts
2022$4.5M · 122 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,428
Total administrative$66,428
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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$66,428

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

Administrative cost history3
2024$66,428 · 0.96%
2023$49,359 · 0.92%
2022$45,963 · 0.93%
Same employer
Similar plansHealth Care & Social Assistance · Texas
Solaris Healthcare, Inc. TX$7.7M · 0.35%
Lena Pope Home, Inc. TX$7.5M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751566271 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.