Plan Ledger DOL Form 5500 · updated monthly

Ls Building Products401(k)

LS BUILDING PRODUCTS 401K PLAN · EAST PEORIA, IL · plan year 2024

Reported admin expense ratio · 2024
0.79%

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

Ls Building Products reported $80,325 in plan administrative expenses for 2024: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,751 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 0.71% to 0.79%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Illinois (2,320th of 3,702), and 2,813th of 4,246 in wholesale trade. In 2024, employees put in $2.81 for every $1.00 the employer contributed; active participation has grown from 117 to 134 since 2022.

Plan summary
Net assets, end of year$10,792,499
Participants with balances117
Active participants134
Employer contributions$234,616
Employee contributions$659,550
Employer contribution per active participant$1,751
Average account balance$92,244
Benefits paid to participants$870,209
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 117 accts · $235K emplr
2023$9.4M · 113 accts · $214K emplr
2022$7.7M · 108 accts · $100K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,325
Total administrative$80,325
The Ls Building Products 401(k) match · 2024
Employer contribution per active participant$1,751
Median for plans this size$2,416
2024$1,751 per active participant
2023$1,620 per active participant
2022$854 per active participant

Ls Building Products's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$852

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

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$80,325 · 0.79%
2023$63,685 · 0.75%
2022$58,630 · 0.71%
Similar plansWholesale Trade · Illinois
The Federated Group, Inc. IL$11.0M · 0.22%
Bill Doran LLC IL$10.8M · 0.64%
Woolf Holdings, LLC IL$10.8M · 0.69%
Premier Cooperative, Inc. IL$10.6M · 0.40%
Iw Technologies IL$10.3M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 371134280 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.