Plan Ledger DOL Form 5500 · updated monthly

Ltc Accounting Services LLC401(k)

LTC ACCOUNTING SERVICES LLC 401(K) PLAN & TRUST · URBANDALE, IA · plan year 2022

Reported admin expense ratio · 2022
0.75%

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

Ltc Accounting Services LLC reported $61,914 in plan administrative expenses for 2022: 0.75% of average plan assets, above the peer median. Employer contributions averaged $343 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 1 year on file its reported administrative ratio rose from 0.75% to 0.91%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Iowa (622nd of 878), and 6,410th of 11,911 in health care & social assistance. In 2022, employees put in $4.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,083,118
Participants with balances317
Active participants658
Employer contributions$225,707
Employee contributions$995,848
Employer contribution per active participant$343
Average account balance$25,499
Benefits paid to participants$555,882
Plan auditUnmodified (clean) audit opinion
AuditorPOTTER & BRANT, PLC
Plan history2
Yearassets · accounts · employer contribution
2023$4.4M · 71 accts · $178K emplr
2022$8.1M · 317 accts · $226K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$61,914
Total administrative$61,914
The Ltc Accounting Services LLC 401(k) match · 2022
Employer contribution per active participant$343
Median for plans this size$1,114
2023$610 per active participant
2022$343 per active participant

Ltc Accounting Services LLC's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$57,088 · 0.91%
2022$61,914 · 0.75%
Similar plansHealth Care & Social Assistance · Iowa
Iowa Home Care, LLC IA$8.0M · 0.40%
Blue Stone Therapy, Inc. IA$7.7M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843946747 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.