Plan Ledger DOL Form 5500 · updated monthly

Logan Corporation401(k)

LOGAN CORPORATION AND AFFILIATES PROFIT SHARING AND 401(K) PLAN · HUNTINGTON, WV · plan year 2023

Reported admin expense ratio · 2023
0.06%

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

Logan Corporation reported $3,968 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $9,647 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 has held roughly steady near 0.060%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in West Virginia (159th of 265), and 3,295th of 4,246 in wholesale trade. In 2023, the employer put in $5.27 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$7,473,989
Participants with balances114
Active participants107
Employer contributions$1,032,240
Employee contributions$195,716
Employer contribution per active participant$9,647
Average account balance$65,561
Benefits paid to participants$412,199
Plan auditUnmodified (clean) audit opinion
AuditorSUTTLE & STALNAKER, PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$7.5M · 114 accts · $1.0M emplr
2022$5.6M · 108 accts · $163K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,968
Total administrative$3,968
The Logan Corporation 401(k) match · 2023
Employer contribution per active participant$9,647
Median for plans this size$1,308
2023$9,647 per active participant
2022$1,790 per active participant

Logan Corporation's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$3,968
WILSHIRE ADVISORS 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 history2
2023$3,968 · 0.06%
2022$3,789 · 0.06%
Same employer
Similar plansWholesale Trade · West Virginia
Team Sledd, LLC WV$15.4M · 0.48%
Jefferds Corporation WV$13.8M · 0.02%
Gumby's, LLC WV$9.3M · 0.35%
Pnw Metal Recycling, Inc OR$7.5M · 0.65%
Carnegie Fabrics, LLC NY$7.5M · 0.53%
Foodware LLC NJ$7.5M · 0.53%
Jerome H. Rhoads, Inc. PA$7.5M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 550219530 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.