Plan Ledger DOL Form 5500 · updated monthly

Loenbro, LLC.401(k)

LOENBRO, LLC 401(K) PLAN · BLACK EAGLE, MT · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Loenbro, LLC. reported $99,720 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $841 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 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 84th-largest of 229 plans among Montana employers on file, and the 2,240th of 5,337 in construction. In 2024, employees put in $1.91 for every $1.00 the employer contributed; active participation has grown from 763 to 1,477 since 2022.

Plan summary
Net assets, end of year$17,332,623
Participants with balances416
Active participants1,477
Employer contributions$1,241,524
Employee contributions$2,371,501
Employer contribution per active participant$841
Average account balance$41,665
Benefits paid to participants$1,256,776
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 416 accts · $1.2M emplr
2023$12.2M · 316 accts · $826K emplr
2022$9.4M · 324 accts · $713K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,720
Total administrative$99,720
The Loenbro, LLC. 401(k) match · 2024
Employer contribution per active participant$841
Median for plans this size$2,416
2024$841 per active participant
2023$663 per active participant
2022$935 per active participant

Loenbro, LLC.'s 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$99,719
CREATIVE PLANNING, INC. · Investment advisory (plan)indirect comp
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$99,720 · 0.67%
2023$71,482 · 0.66%
2022$64,293 · 0.69%
Same employer
Similar plansConstruction · Montana
On Site Management, Inc. MT$20.9M · 0.42%
Century Companies, Inc. MT$18.8M · 1.10%
Langlas & Associates, Inc. MT$17.8M · 0.18%
Alamon, Inc. MT$15.1M
Sbc, Inc. MT$12.7M · 0.61%
Martel Construction, Inc. MT$12.1M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383924889 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.