Plan Ledger DOL Form 5500 · updated monthly

Ltc Pharmacy Management, LLC401(k)

LTC PHARMACY MANAGEMENT, LLC 401(K) PLAN · SHREVEPORT, LA · plan year 2024

Reported admin expense ratio · 2024
0.75%

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

Ltc Pharmacy Management, LLC reported $71,567 in plan administrative expenses for 2024: 0.75% of average plan assets, above the peer median. Employer contributions averaged $1,804 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 fell from 0.83% to 0.75%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is the 408th-largest of 884 plans among Louisiana employers on file, and the 2,481st of 5,215 in retail trade. In 2024, employees put in $2.89 for every $1.00 the employer contributed; active participation has grown from 174 to 196 since 2022.

Plan summary
Net assets, end of year$10,816,200
Participants with balances193
Active participants196
Employer contributions$353,575
Employee contributions$1,020,604
Employer contribution per active participant$1,804
Average account balance$56,042
Benefits paid to participants$250,337
Plan auditUnmodified (clean) audit opinion
AuditorHEARD, MCELROY AND VESTAL, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 193 accts · $354K emplr
2023$8.2M · 168 accts · $332K emplr
2022$5.7M · 159 accts · $313K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,828
Investment management$36,739
Total administrative$71,567
The Ltc Pharmacy Management, LLC 401(k) match · 2024
Employer contribution per active participant$1,804
Median for plans this size$1,313
2024$1,804 per active participant
2023$1,911 per active participant
2022$1,799 per active participant

Ltc Pharmacy Management, LLC's 2024 employer contribution ran above the $1,313 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,250
INDEPENDENT FINANCIAL PARTNERS · Investment advisory (participants)$36,739

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$71,567 · 0.75%
2023$61,148 · 0.88%
2022$47,820 · 0.83%
Same employer
Similar plansRetail Trade · Louisiana
Lamarque Motor Company LA$11.3M · 0.14%
Shop Rite, Inc. LA$11.3M · 0.01%
Central Boat Rentals, Inc. LA$10.7M · 0.03%
Justiss Oil Company, Inc. LA$10.5M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824829471 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.