Plan Ledger DOL Form 5500 · updated monthly

Lofted Products LLC401(k)

LOFTED PRODUCTS LLC 401(K) PLAN · MICHIGAN CITY, IN · plan year 2024

Reported admin expense ratio · 2024
0.65%

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

Lofted Products LLC reported $24,754 in plan administrative expenses for 2024: 0.65% of average plan assets, above the peer median. Employer contributions averaged $1,343 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 0.31% to 0.65%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Indiana (1,239th of 1,562), and 11,672nd of 13,661 in manufacturing. In 2024, employees put in $1.71 for every $1.00 the employer contributed; active participation has grown from 106 to 126 since 2022.

Plan summary
Net assets, end of year$4,122,591
Participants with balances127
Active participants126
Employer contributions$169,182
Employee contributions$288,733
Employer contribution per active participant$1,343
Average account balance$32,461
Benefits paid to participants$224,906
Plan auditUnmodified (clean) audit opinion
AuditorTOPEL FORMAN, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 127 accts · $169K emplr
2023$3.5M · 129 accts · $151K emplr
2022$2.8M · 122 accts · $139K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,754
Total administrative$24,754
The Lofted Products LLC 401(k) match · 2024
Employer contribution per active participant$1,343
Median for plans this size$1,313
2024$1,343 per active participant
2023$1,211 per active participant
2022$1,307 per active participant

Lofted Products LLC's 2024 employer contribution ran above the $1,313 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$24,754
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)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$24,754 · 0.65%
2023$21,609 · 0.68%
2022$10,552 · 0.31%
Same employer
Similar plansManufacturing · Indiana
Zachary Confections, Inc. IN$4.3M · 0.43%
Lindal North America, Inc IN$4.2M · 0.59%
Haas Cabinet Co., Inc. IN$4.1M · 0.29%
Hisada America, Inc. IN$4.1M · 0.54%
Seymour Midwest LLC IN$3.9M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 834421801 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.