Plan Ledger DOL Form 5500 · updated monthly

Lw Schneider, Inc.401(k)

L.W. SCHNEIDER INC 401(K) & PROFIT SHARING PLAN · PRINCETON, IL · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

Lw Schneider, Inc. reported $47,780 in plan administrative expenses for 2024: 0.78% of average plan assets, above the peer median. Employer contributions averaged $25 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 0.84% to 0.78%. 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 among the smaller plans on file in Illinois (2,815th of 3,702), and 10,583rd of 13,661 in manufacturing. In 2024, employees put in $74.41 for every $1.00 the employer contributed; active participation has shrunk from 215 to 135 since 2022.

Plan summary
Net assets, end of year$6,199,494
Participants with balances134
Active participants135
Employer contributions$3,434
Employee contributions$255,540
Employer contribution per active participant$25
Average account balance$46,265
Benefits paid to participants$807,940
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 134 accts · $3K emplr
2023$6.0M · 154 accts · $141K emplr
2022$5.9M · 216 accts · $276K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,050
Trustee / custodial$39,730
Total administrative$47,780
The Lw Schneider, Inc. 401(k) match · 2024
Employer contribution per active participant$25
Median for plans this size$1,313
2024$25 per active participant
2023$872 per active participant
2022$1,283 per active participant

Lw Schneider, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Custodial (securities)$26,268
HEARTLAND BANK & TRUST COMPANY · Trustee (directed)$21,403

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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Administrative cost history3
2024$47,780 · 0.78%
2023$51,827 · 0.87%
2022$55,819 · 0.84%
Same employer
Similar plansManufacturing · Illinois
Iconn Systems LLC IL$6.4M · 0.07%
The Intec Group, Inc. IL$6.4M · 0.34%
Fpm, L.L.C. IL$6.3M · 0.36%
Standfast Group, LLC IL$6.1M · 0.96%
Gc Packaging, LLC IL$6.1M · 0.11%
Orion Industries, LTD. IL$6.0M · 0.52%
Pepsi Midamerica IL$5.9M · 0.15%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362721304 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.