Plan Ledger DOL Form 5500 · updated monthly

M. T. Laney Company, Inc.401(k)

M. T. LANEY CO. INC. 401(K) PLAN · ELDERSBURG, MD · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

M. T. Laney Company, Inc. reported $52,127 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,443 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 0.24% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maryland (939th of 1,671), and 2,930th of 5,337 in construction. In 2024, employees put in $1.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,198,764
Participants with balances134
Active participants210
Employer contributions$303,090
Employee contributions$595,220
Employer contribution per active participant$1,443
Average account balance$83,573
Benefits paid to participants$616,781
Plan auditQualified audit opinion
AuditorELIN & TUCKER
Plan history3
Yearassets · accounts · employer contribution
2024$11.2M · 134 accts · $303K emplr
2023$9.9M · 132 accts · $288K emplr
2022$6.6M · 133 accts · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,127
Total administrative$52,127
The M. T. Laney Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,443
Median for plans this size$2,416
2024$1,443 per active participant
2023$1,431 per active participant
2022$1,244 per active participant

M. T. Laney Company, Inc.'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$52,126
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect comp

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$52,127 · 0.49%
2023$39,742 · 0.48%
2022$16,720 · 0.24%
Same employer
Similar plansConstruction · Maryland
C. William Hetzer, Inc. MD$11.6M · 0.38%
Tricon Construction, Inc. MD$11.3M · 0.00%
W.M. Schlosser Co., Inc. MD$10.9M · 0.20%
Miller Refrigeration, Inc. MD$10.8M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522031565 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.