Plan Ledger DOL Form 5500 · updated monthly

Lrk Inc.401(k)

LRK INC. 401(K) PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Lrk Inc. reported $97,459 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $6,351 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 has held roughly steady near 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 466th-largest of 1,496 plans among Tennessee employers on file, and the 4,680th of 11,654 in professional & technical services. In 2024, employees put in $1.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,580,935
Participants with balances178
Active participants119
Employer contributions$755,770
Employee contributions$1,015,446
Employer contribution per active participant$6,351
Average account balance$143,713
Benefits paid to participants$1,479,525
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.6M · 178 accts · $756K emplr
2023$22.3M · 166 accts · $793K emplr
2022$18.7M · 166 accts · $715K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$97,459
Total administrative$97,459
The Lrk Inc. 401(k) match · 2024
Employer contribution per active participant$6,351
Median for plans this size$2,416
2024$6,351 per active participant
2023$6,241 per active participant
2022$6,006 per active participant

Lrk Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,108
DUNCAN WILLIAMS ASSET MGT · Investment advisory (participants)$40,888
B. RILEY WEALTH MANAGEMENT · Investment advisory (participants)$27,132

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$97,459 · 0.41%
2023$84,019 · 0.41%
2022$78,230 · 0.39%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Fremont-Wright, LLC TN$27.6M · 0.09%
Pickering, Inc. TN$24.2M · 0.55%
Ncontracts LLC TN$23.9M · 0.34%
Nokian Tyres, Inc. TN$23.9M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 272257638 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.