Plan Ledger DOL Form 5500 · updated monthly

Palmisano L.L.C.401(k)

PALMISANO 401(K) PLAN · NEW ORLEANS, LA · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Palmisano L.L.C. reported $73,476 in plan administrative expenses for 2024: 0.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $3,151 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 0.72%. 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 the 391st-largest of 884 plans among Louisiana employers on file, and 2,885th of 5,337 in construction. In 2024, employees put in $1.75 for every $1.00 the employer contributed; active participation has grown from 164 to 220 since 2022.

Plan summary
Net assets, end of year$11,553,776
Participants with balances330
Active participants220
Employer contributions$693,278
Employee contributions$1,215,394
Employer contribution per active participant$3,151
Average account balance$35,011
Benefits paid to participants$569,142
Plan auditUnmodified (clean) audit opinion
AuditorDUPLANTIER, HRAPMANN, HOGAN & MAHER
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 330 accts · $693K emplr
2023$8.8M · 295 accts · $622K emplr
2022$5.7M · 223 accts · $456K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,476
Total administrative$73,476
The Palmisano L.L.C. 401(k) match · 2024
Employer contribution per active participant$3,151
Median for plans this size$2,416
2024$3,151 per active participant
2023$2,934 per active participant
2022$2,783 per active participant

Palmisano L.L.C.'s 2024 employer contribution ran above 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
EDWARD D. JONES & CO., L.P. · Investment advisory (participants)indirect comp
WILSHIRE ASSOCIATES · Investment advisory (participants)indirect 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$73,476 · 0.72%
2023$55,454 · 0.77%
2022$43,631 · 0.76%
Same employer
Similar plansConstruction · Louisiana
Whc, LLC LA$13.4M · 0.32%
The Mapp Group, LLC LA$12.8M · 0.36%
Posigen, Inc. LA$12.5M · 1.42%
Star Service of Baton Rouge LA$10.6M · 0.29%
Rotolo Consultants, Inc. LA$10.4M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462717541 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.