Plan Ledger DOL Form 5500 · updated monthly

Lts401(k)

LTS 401(K) PROFIT SHARING PLAN · HERNDON, VA · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Lts reported $102,315 in plan administrative expenses for 2024: 0.39% of average plan assets, above the peer median. Employer contributions averaged $1,367 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 0.16% to 0.39%. 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 803rd-largest of 2,266 plans among Virginia employers on file, and the 4,522nd of 11,654 in professional & technical services. In 2024, employees put in $5.96 for every $1.00 the employer contributed; active participation has shrunk from 409 to 254 since 2022.

Plan summary
Net assets, end of year$26,792,206
Participants with balances767
Active participants254
Employer contributions$347,307
Employee contributions$2,069,328
Employer contribution per active participant$1,367
Average account balance$34,931
Benefits paid to participants$5,694,007
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.8M · 767 accts · $347K emplr
2023$26.1M · 490 accts · $410K emplr
2022$21.7M · 605 accts · $579K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,224
Investment management$39,091
Total administrative$102,315
The Lts 401(k) match · 2024
Employer contribution per active participant$1,367
Median for plans this size$2,416
2024$1,367 per active participant
2023$1,393 per active participant
2022$1,417 per active participant

Lts'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$63,224
KESTRA INVESTMENT SERVICES LLC · Investment advisory (plan)$39,091

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

Administrative cost history3
2024$102,315 · 0.39%
2023$65,072 · 0.27%
2022$38,731 · 0.16%
Same employer
Similar plansProfessional & Technical Services · Virginia
Rbc, Incorporated VA$27.1M · 0.26%
Kositzka, Wicks and Company VA$26.8M · 0.29%
IT Concepts VA$26.8M · 0.41%
Geneva Software, Inc. VA$26.4M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203409438 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.