Lumbermen's, Inc.401(k) + ESOP (KSOP)
LUMBERMEN'S EMPLOYEE STOCK OWNERSHIP AND SAVINGS PLAN · GRAND RAPIDS, MI · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Lumbermen's, Inc. reported $116,602 in plan administrative expenses for 2024: 0.10% of average plan assets, below the peer median. Employer contributions averaged $4,274 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 0.104%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 245th-largest of 2,619 plans among Michigan employers on file, and the 366th of 4,246 in wholesale trade. In 2024, the employer put in $1.28 for every $1.00 employees contributed themselves; active participation has grown from 506 to 580 since 2022.
Lumbermen's, Inc.'s 2024 employer contribution ran above the $3,635 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 383367986 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.