Plan Ledger DOL Form 5500 · updated monthly

The Lester Group, Inc.401(k)

THE LESTER GROUP 401(K) PLAN · MARTINSVILLE, VA · plan year 2024

Reported admin expense ratio · 2024
0.50%

The Lester Group, Inc. reported $27,014 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. 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 0.67% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Virginia (1,734th of 2,266), and 3,481st of 5,215 in retail trade.

Plan summary
Net assets, end of year$6,037,391
Participants with balances191
Active participants188
Employer contributions—
Employee contributions$772,225
Employer contribution per active participant—
Average account balance$31,609
Benefits paid to participants$465,686
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 191 accts
2023$4.8M · 168 accts
2022$3.9M · 199 accts · $3K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,014
Total administrative$27,014
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$27,013

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$27,014 · 0.50%
2023$26,535 · 0.61%
2022$29,213 · 0.67%
All plans at this employer2
THE LESTER GROUP, INC EMPLOYEE STOCK OWNERSHIP PLANESOP
THE LESTER GROUP 401(K) PLAN401(k)
Same employer
Similar plansRetail Trade · Virginia
Suttle Motor Corporation VA$6.5M · 0.42%
Sabmd LLC VA$6.3M · 0.28%
Asgard Automotive, Inc. VA$5.5M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540281310 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.