Low and Bonar, Inc.401(k)
LOW AND BONAR INC. RETIREMENT SAVINGS AND 401(K) PLAN · ENKA, NC · plan year 2022
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Low and Bonar, Inc. reported $7,701 in plan administrative expenses for 2022: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,226 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is the 953rd-largest of 2,005 plans among North Carolina employers on file, and 7,613th of 13,661 in manufacturing. In 2022, the employer put in $1.28 for every $1.00 employees contributed themselves.
Low and Bonar, Inc.'s 2022 employer contribution ran above the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 200411022 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.