What are the fees in the Lmc Industrial Contractors, Inc. 401(k) plan?

For plan year 2022, Lmc Industrial Contractors, Inc. reported $9,414 in plan administrative expenses, or 0.21% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Lmc Industrial Contractors, Inc. 401(k)?

The average participant account balance was $57,265 for plan year 2022, based on 75 accounts.

Lmc Industrial Contractors, Inc.401(k)

Name: Lmc Industrial Contractors, Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

LMC FAMILY OF COMPANIES 401(K) PLAN · AVON, NY · plan year 2022

Reported admin expense ratio · 2022

0.21%

Lmc Industrial Contractors, Inc. reported $9,414 in plan administrative expenses for 2022: 0.21% of average plan assets, below the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in New York (4,623rd of 5,648), and 4,151st of 5,337 in construction.

Plan summary
Net assets, end of year$4,294,856
Participants with balances75
Active participants108
Employer contributions—
Employee contributions$426,591
Employer contribution per active participant—
Average account balance$57,265
Benefits paid to participants$222,498
Plan auditUnmodified (clean) audit opinion
AuditorFREED MAXICK, CPAS, PC

Administrative expenses, itemized · 2022

Investment management$9,414

Total administrative$9,414

What these fees cost you

Your balance

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 history1

2022$9,414 · 0.21%

Same employer

Lmc Industrial Contractors, Inc.'s health & benefits plan: carriers, premiums & broker pay

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Source: U.S. Department of Labor, Form 5500 series, EIN 161204041 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.