Plan Ledger DOL Form 5500 · updated monthly

Lyons & Company, Inc.401(k)

LYONS & COMPANY, INC. MULTIPLE EMPLOYER PLAN · GADSDEN, AL · plan year 2024

Reported admin expense ratio · 2024
1.09%

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

Lyons & Company, Inc. reported $824,625 in plan administrative expenses for 2024: 1.09% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,325 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 1.00% to 1.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 92nd-largest of 902 plans among Alabama employers on file, and the 1,827th of 11,654 in professional & technical services. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has shrunk from 3,232 to 2,794 since 2022.

Plan summary
Net assets, end of year$79,909,488
Participants with balances2,487
Active participants2,794
Employer contributions$3,701,744
Employee contributions$7,695,085
Employer contribution per active participant$1,325
Average account balance$32,131
Benefits paid to participants$10,468,319
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$79.9M · 2,487 accts · $3.7M emplr
2023$71.9M · 2,224 accts · $3.3M emplr
2022$60.0M · 1,977 accts · $3.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$824,625
Total administrative$824,625
The Lyons & Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,325
Median for plans this size$3,635
2024$1,325 per active participant
2023$844 per active participant
2022$922 per active participant

Lyons & Company, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20244
SLAVIC INTEGRATED ADMINISTRATION · Recordkeeping · Loan processing$489,376
MCDONALD FINANCIAL SERVICES, LLC · Investment advisory (plan)$113,505
LYONS & COMPANY, INC. · Plan administrator$113,427
SLAVIC MUTUAL FUND MANAGMENT CORP · Investment management$108,317

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

Recordkeeper by year2
2024Slavic401k
2023Slavic401k

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$824,625 · 1.09%
2023$672,534 · 1.02%
2022$595,233 · 1.00%
All plans at this employer2
LYONS & COMPANY, INC. MULTIPLE EMPLOYER PLAN401(k)
LYONS HR-HRI RETIREMENT SAVINGS PLAN401(k)
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Tom McLeod Software Corp. AL$86.3M · 0.16%
Nta, Inc. AL$84.8M · 0.16%
Dese Research, Inc. AL$70.7M · 0.12%
Starnes Davis Florie LLP AL$65.1M · 0.41%
Davidson Technologies, Inc. AL$64.6M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204033514 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.