Plan Ledger DOL Form 5500 · updated monthly

Lutron S.M. Inc.401(k)

LUTRON S.M. RETIREMENT SAVINGS PLAN · HUMACAO, PR · plan year 2024

Employer contribution per participant · 2024
$1,380

Lutron S.M. Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $10,534,631 across 197 participant accounts, with employer contributions averaging $1,380 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is the 115th-largest of 323 plans among PR employers on file, and 8,550th of 13,661 in manufacturing. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,534,631
Participants with balances197
Active participants185
Employer contributions$255,333
Employee contributions$546,278
Employer contribution per active participant$1,380
Average account balance$53,475
Benefits paid to participants$578,361
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 197 accts · $255K emplr
2023$9.1M · 199 accts · $238K emplr
2022$7.5M · 216 accts · $244K emplr
The Lutron S.M. Inc. 401(k) match · 2024
Employer contribution per active participant$1,380
Median for plans this size$1,313
2024$1,380 per active participant
2023$1,261 per active participant
2022$1,224 per active participant

Lutron S.M. Inc.'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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
Same employer
Similar plansManufacturing · PR
Destileria Serralles PR$11.8M · 0.41%
Pan American Grain Mfg. Co PR$11.7M · 0.03%
Integra Ci, Inc. PR$10.2M · 0.06%
Swirl Corp. PR$7.4M · 0.51%
Ccl Puerto Rico, Inc. PR$6.5M · 1.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660644370 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.