Plan Ledger DOL Form 5500 · updated monthly

Sam Leman I, LLC401(k)

SAM LEMAN I, LLC 401(K) PLAN · MORTON, IL · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Sam Leman I, LLC reported $103,609 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $2,257 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 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,221st-largest of 3,702 plans among Illinois employers on file, and the 938th of 5,215 in retail trade. In 2024, employees put in $2.24 for every $1.00 the employer contributed; active participation has grown from 341 to 385 since 2022.

Plan summary
Net assets, end of year$33,730,429
Participants with balances376
Active participants385
Employer contributions$868,773
Employee contributions$1,944,933
Employer contribution per active participant$2,257
Average account balance$89,709
Benefits paid to participants$1,646,014
Plan auditUnmodified (clean) audit opinion
AuditorWOODWARD AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$33.7M · 376 accts · $869K emplr
2023$29.2M · 353 accts · $847K emplr
2022$24.0M · 351 accts · $845K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$100,939
Investment management$2,670
Total administrative$103,609
The Sam Leman I, LLC 401(k) match · 2024
Employer contribution per active participant$2,257
Median for plans this size$2,416
2024$2,257 per active participant
2023$2,413 per active participant
2022$2,478 per active participant

Sam Leman I, LLC'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
EMPOWER ADVISORY GROUP, LLC · Investment management$2,670

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$103,609 · 0.33%
2023$90,482 · 0.34%
2022$84,370 · 0.34%
Same employer
Similar plansRetail Trade · Illinois
Rvr Management Company IL$35.4M · 0.41%
R.P. Lumber Co., Inc. IL$34.6M · 0.48%
I3 Group Inc. IL$34.1M · 0.06%
Lakes Venture, LLC IL$33.8M · 0.65%
Schaumburg Toyota, Inc. IL$33.7M · 0.02%
McGrath-Colosimo, LTD. IL$31.8M · 0.25%
Prairie State Tractor LLC IL$31.3M · 0.35%
Karl Knauz Motors, Inc. IL$30.9M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 742939491 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.