401k Record

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Lee Bank 401(k)

Administrative expenses excluding investment management, per participant · Lee Bank 401(k) Plan · plan year 2024

$31.51

Higher than 19% of the 24,371 plans $10 to 50M that report it.

Source

= $3,813 / 121
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251003093348NAL0000758979001, received 2025-10-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251003093348NAL0000758979001, received 2025-10-03

10th: $15.36median $118.8890th: $340.63

Percentiles compare this plan with the Schedule H plans $10 to 50M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-03.

Cost and contributions

Recordkeeping fees per participant

not reported

Not reported on this filing.

Administrative expenses per participant

$31.51

10th: $26.86median $197.2590th: $456.10

Higher than 12% of the 25,098 plans $10 to 50M that report it.

Source

= $3,813 / 121
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251003093348NAL0000758979001, received 2025-10-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251003093348NAL0000758979001, received 2025-10-03

Administrative expenses as a share of assets

0.020%

10th: 0.035%median 0.289%90th: 0.599%

Higher than 6% of the 25,132 plans $10 to 50M that report it.

Source

= $3,813 / $19,491,449
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251003093348NAL0000758979001, received 2025-10-03
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251003093348NAL0000758979001, received 2025-10-03

Employer contributions per participant

$3,261

10th: $664median $2,07490th: $4,751

Higher than 77% of the 24,050 plans $10 to 50M that report it.

Source

= $394,529 / 121
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251003093348NAL0000758979001, received 2025-10-03
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251003093348NAL0000758979001, received 2025-10-03

Employer share of total contributions

38.2%

10th: 13.1%median 27.9%90th: 45.2%

Higher than 81% of the 24,084 plans $10 to 50M that report it.

Source

= $394,529 / $1,034,123
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251003093348NAL0000758979001, received 2025-10-03
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251003093348NAL0000758979001, received 2025-10-03

Plan terms, as stated in Lee Bank's SEC filings

Plan terms are not published in public filings.

Plan features

2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251003093348NAL0000758979001, received 2025-10-03

Full record, Lee Bank 401(k) Plan

FieldValueSource
Plan sponsorLEE BANKForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251003093348NAL0000758979001, received 2025-10-03
Plan nameLEE BANK 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251003093348NAL0000758979001, received 2025-10-03
Sponsor EIN / plan number04-3158399 / 002Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251003093348NAL0000758979001, received 2025-10-03
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251003093348NAL0000758979001, received 2025-10-03
Sponsor locationLEE, MAForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251003093348NAL0000758979001, received 2025-10-03
Industry (business code)522120, Finance and insuranceForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251003093348NAL0000758979001, received 2025-10-03
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251003093348NAL0000758979001, received 2025-10-03
Filing received2025-10-03Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251003093348NAL0000758979001, received 2025-10-03
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251003093348NAL0000758979001, received 2025-10-03
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251003093348NAL0000758979001, received 2025-10-03
Participants, beginning of year127Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251003093348NAL0000758979001, received 2025-10-03
Active participants121Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251003093348NAL0000758979001, received 2025-10-03
Participants, end of year149Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251003093348NAL0000758979001, received 2025-10-03
Participants with an account balance121Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251003093348NAL0000758979001, received 2025-10-03
Total assets, beginning of year$16,125,701Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251003093348NAL0000758979001, received 2025-10-03
Total assets, end of year$19,491,449Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251003093348NAL0000758979001, received 2025-10-03
Net assets, end of year$19,491,449Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251003093348NAL0000758979001, received 2025-10-03
Total income$3,861,154Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251003093348NAL0000758979001, received 2025-10-03
Net income$3,365,748Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251003093348NAL0000758979001, received 2025-10-03
Employer contributions$394,529Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251003093348NAL0000758979001, received 2025-10-03
Participant contributions$629,848Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251003093348NAL0000758979001, received 2025-10-03
Other contributions (incl. rollovers)$9,746Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251003093348NAL0000758979001, received 2025-10-03
Total contributions$1,034,123Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251003093348NAL0000758979001, received 2025-10-03
Benefit payments$491,593Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251003093348NAL0000758979001, received 2025-10-03
Total expenses (incl. benefit payments)$495,406Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251003093348NAL0000758979001, received 2025-10-03
Total administrative expenses$3,813Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251003093348NAL0000758979001, received 2025-10-03
Administrative expenses excluding investment management$3,813derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251003093348NAL0000758979001, received 2025-10-03
Held in common/collective trusts$0Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251003093348NAL0000758979001, received 2025-10-03
Held in mutual funds$17,914,267Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251003093348NAL0000758979001, received 2025-10-03
Independent auditorWOLF & COMPANY, P.C.Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251003093348NAL0000758979001, received 2025-10-03

Position = column in the DOL layout for form year 2024. Filing 20251003093348NAL0000758979001, received 2025-10-03.

Service providers paid directly by the plan

ProviderRelationshipService codesDirect compensationIndirect
STRATEGIC PENSION SERVICES, LLCTHIRD PARTY ADMIN 13 Contract administrator $1,435yes
EMPOWER ADVISORY GROUP, LLCINVESTMENT MANAGEMENT 28 Investment management $965no
EMPOWER ANNUITY INS. CO OF AMERICArecordkeeperRECORDKEEPER 64 Recordkeeping fees $491yes
MMLISBROKER/ADVISOR 55 Other commissions $0yes

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251003093348NAL0000758979001, received 2025-10-03.

What changed since the 2023 plan year

Figure20232024Change
Total assets$16,125,701$19,491,44920.9%
Participants with a balance129121-6.2%
Administrative expenses$283$3,8131247.3%
Recordkeeping fees per participant$2.19not reported
Employer contributions$376,366$394,5294.8%

Prior filing 20241002154858NAL0008573937001, received 2024-10-02; the plan years are contiguous.

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Sponsor name as filed: LEE BANK; SEC registrant: Lee Bank (CIK 1911771, matched by EIN).