Plan Ledger DOL Form 5500 · updated monthly

Longbow Industries401(k)

LPR CONSTRUCTION CO. PROFIT SHARING PLAN WITH 401(K) ARRANGEMENT · LOVELAND, CO · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Longbow Industries reported $95,098 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,066 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 0.47% to 0.54%. 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 556th-largest of 1,461 plans among Colorado employers on file, and the 2,142nd of 5,337 in construction. In 2024, employees put in $3.64 for every $1.00 the employer contributed; active participation has shrunk from 486 to 322 since 2022.

Plan summary
Net assets, end of year$18,539,335
Participants with balances173
Active participants322
Employer contributions$343,133
Employee contributions$1,247,321
Employer contribution per active participant$1,066
Average account balance$107,164
Benefits paid to participants$1,731,254
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$18.5M · 173 accts · $343K emplr
2023$16.6M · 176 accts · $323K emplr
2022$13.9M · 185 accts · $347K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,732
Investment management$53,366
Total administrative$95,098
The Longbow Industries 401(k) match · 2024
Employer contribution per active participant$1,066
Median for plans this size$2,416
2024$1,066 per active participant
2023$1,099 per active participant
2022$714 per active participant

Longbow Industries'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
CAP FINANCIAL PARTNERS LLC · Investment advisory (participants) · Investment advisory (plan)$36,100
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$17,266
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$14,832

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$95,098 · 0.54%
2023$68,720 · 0.45%
2022$72,974 · 0.47%
Similar plansConstruction · Colorado
Jhl Constructors LLC CO$19.5M · 0.69%
Encon United Company CO$18.7M · 0.36%
Greiner Electric, LLC CO$18.1M · 0.24%
Milender White, Inc. CO$16.6M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813931813 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.