Plan Ledger DOL Form 5500 · updated monthly

The Lund Company401(k)

THE LUND COMPANY 401(K) SAVINGS PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.78%

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

The Lund Company reported $99,844 in plan administrative expenses for 2024: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $672 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 0.56% to 0.78%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Nebraska (323rd of 565), and the 895th of 2,096 in real estate & leasing. In 2024, employees put in $5.14 for every $1.00 the employer contributed; active participation has grown from 374 to 444 since 2022.

Plan summary
Net assets, end of year$13,833,066
Participants with balances452
Active participants444
Employer contributions$298,589
Employee contributions$1,535,230
Employer contribution per active participant$672
Average account balance$30,604
Benefits paid to participants$1,396,467
Plan auditUnmodified (clean) audit opinion
AuditorBLAND & ASSOCIATES, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 452 accts · $299K emplr
2023$11.8M · 459 accts · $315K emplr
2022$8.9M · 364 accts · $257K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$99,844
Total administrative$99,844
The The Lund Company 401(k) match · 2024
Employer contribution per active participant$672
Median for plans this size$2,416
2024$672 per active participant
2023$687 per active participant
2022$686 per active participant

The Lund Company's 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$77,079
ASCENSUS · Contract administrator$22,765
SILVERSTONE ASSET MANAGEMENT INC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · 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$99,844 · 0.78%
2023$70,547 · 0.68%
2022$52,531 · 0.56%
Same employer
Similar plansReal Estate & Leasing · Nebraska
Bws Leasing Inc. NE$25.8M · 0.71%
Seldin, LLC NE$19.0M · 0.58%
Dial Silvercrest Corp. NE$15.1M · 0.68%
Schleich Enterprises, Inc. NE$13.4M · 0.66%
Cherry Hill Company/Lrc NE$12.8M · 0.05%
Slosburg Company NE$10.7M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470767990 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.