Plan Ledger DOL Form 5500 · updated monthly

Lorusso Corporation401(k)

LORUSSO CORPORATION 401(K) RETIREMENT PLAN · PLAINVILLE, MA · plan year 2025

Reported admin expense ratio · 2025
0.01%

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

Lorusso Corporation reported $2,884 in plan administrative expenses for 2025: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,725 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 fell from 0.02% to 0.01%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other construction employers. By assets it is the 1,255th-largest of 2,726 plans among Massachusetts employers on file, and the 1,952nd of 5,337 in construction. In 2025, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,114,671
Participants with balances133
Active participants111
Employer contributions$302,516
Employee contributions$702,569
Employer contribution per active participant$2,725
Average account balance$158,757
Benefits paid to participants$1,307,673
Plan auditUnmodified (clean) audit opinion
AuditorDARMODY, MERLINO & CO., LLP
Plan history4
Yearassets · accounts · employer contribution
2025$21.1M · 133 accts · $303K emplr
2024$18.8M · 125 accts · $292K emplr
2023$15.9M · 116 accts · $263K emplr
2022$13.8M · 127 accts · $251K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$2,884
Total administrative$2,884
The Lorusso Corporation 401(k) match · 2025
Employer contribution per active participant$2,725
Median for plans this size$2,666
2025$2,725 per active participant
2024$2,947 per active participant
2023$2,771 per active participant
2022$2,484 per active participant

Lorusso Corporation's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$2,884
BRODERICK, MICHAEL F. · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$2,884 · 0.01%
2024$2,324 · 0.01%
2023$2,524 · 0.02%
2022$2,800 · 0.02%
Similar plansConstruction · Massachusetts
E. Amanti & Sons, Inc. MA$19.9M · 0.38%
Thomas G. Gallagher, Inc. MA$19.4M · 0.21%
E.M. Duggan, Inc. MA$18.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042381567 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.