Plan Ledger DOL Form 5500 · updated monthly

Loar Group Inc.401(k)

LOAR GROUP INC. 401(K) PLAN · WHITE PLAINS, NY · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Loar Group Inc. reported $134,037 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $1,702 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 3 years on file its reported administrative ratio has held roughly steady near 0.190%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 985th-largest of 5,648 plans among New York employers on file, and the 2,315th of 13,661 in manufacturing. In 2024, employees put in $2.85 for every $1.00 the employer contributed; active participation has grown from 809 to 1,109 since 2022.

Plan summary
Net assets, end of year$76,249,763
Participants with balances1,206
Active participants1,109
Employer contributions$1,887,351
Employee contributions$5,387,822
Employer contribution per active participant$1,702
Average account balance$63,225
Benefits paid to participants$9,262,549
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$76.2M · 1,206 accts · $1.9M emplr
2023$64.8M · 1,031 accts · $1.5M emplr
2022$57.9M · 933 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,170
Investment management$14,596
Audit (IQPA)$29,271
Total administrative$134,037
The Loar Group Inc. 401(k) match · 2024
Employer contribution per active participant$1,702
Median for plans this size$3,635
2024$1,702 per active participant
2023$1,653 per active participant
2022$1,596 per active participant

Loar Group Inc.'s 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$90,170
EIDE BAILLY LLP · Accounting / audit$29,271
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$14,596

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$134,037 · 0.19%
2023$140,751 · 0.23%
2022$118,563 · 0.19%
Same employer
Similar plansManufacturing · New York
Cutco Cutlery Corporation NY$82.7M · 0.16%
Medical Depot, Inc. NY$77.6M · 0.20%
Curbell, Inc NY$77.1M · 0.10%
Mohawk Fine Papers Inc. NY$76.1M · 0.09%
Steuben Foods, Inc. NY$75.4M · 0.23%
Mill-Max Mfg. Corp NY$73.6M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454104058 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.