Plan Ledger DOL Form 5500 · updated monthly

Lockton, Inc.401(k)

LOCKTON, INC. 401(K) PLAN · KANSAS CITY, MO · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Lockton, Inc. reported $815,314 in plan administrative expenses for 2024: 0.06% of average plan assets, above the peer median. Employer contributions averaged $7,607 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 0.05% to 0.06%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 21st-largest of 1,393 plans among Missouri employers on file, and the 135th of 4,798 in finance & insurance. In 2024, employees put in $1.51 for every $1.00 the employer contributed; active participation has grown from 6,196 to 7,058 since 2022.

Plan summary
Net assets, end of year$1,397,582,709
Participants with balances8,620
Active participants7,058
Employer contributions$53,692,952
Employee contributions$81,079,336
Employer contribution per active participant$7,607
Average account balance$162,133
Benefits paid to participants$129,428,277
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.4B · 8,620 accts · $53.7M emplr
2023$1.2B · 8,175 accts · $48.7M emplr
2022$997.8M · 7,785 accts · $42.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$815,314
Total administrative$815,314
The Lockton, Inc. 401(k) match · 2024
Employer contribution per active participant$7,607
Median for plans this size$5,259
2024$7,607 per active participant
2023$7,204 per active participant
2022$6,858 per active participant

Lockton, Inc.'s 2024 employer contribution ran above the $5,259 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 · 20249
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$619,102
CREATIVE PLANNING LLC · Investment advisory (participants)$83,958
CETERA INVESTMENT ADVISERS LLC · Investment advisory (participants)$35,641
BCWM, LLC. · Investment advisory (participants)$18,182
MARINER LLC · Investment advisory (participants)$17,175
PRIME CAPITAL INVESTMENT ADVIS · Investment advisory (participants)$8,263
CHARLES SCHWAB & CO, INC. · Securities brokerage$5,243
GOODMAN FINANCIAL CORPORATION · Investment advisory (participants)$5,137
CREATIVE PLANNING, LLC · Investment advisory (participants)indirect comp

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$815,314 · 0.06%
2023$630,237 · 0.06%
2022$522,949 · 0.05%
Same employer
Similar plansFinance & Insurance · Missouri
Edward D. Jones & Co., L.P. MO$12.4B · 0.01%
Centene Corporation MO$4.7B · 0.05%
Stifel Financial Corp. MO$2.7B · 0.02%
Umb Financial Corporation MO$717.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900007886 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.