# Lbm Industries Health & Welfare Plan
Source: https://planprovider.pro/companies/lbm-industries-561145775-501

> Lbm Industries's Health & Welfare plan: 132 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Lbm Industries

- **Sponsor EIN:** 561145775

- **Sponsor Address:** 17692 ROSMAN HWY, SAPPHIRE, NC, 28774

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 132

- **Total Assets:** $354,173

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|132|$354,173|$885,670|$409,746|

| 2023|121|$64,520|$639,735|$341,666|

| 2022|112|$236,185|$493,321|$306,942|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| MEDCOST LLC|Other Service Provider|$68,717|—|$68,717|

| IMA FINANCIAL GROUP (ECM SOLUTIONS)|Investment Advisor|$34,386|—|$34,386|

| E. K. MCCONKEY & CO., INC.|Investment Advisor|$23,445|—|$23,445|

| THE BENECON GROUP, LLC|Investment Advisor|$23,445|—|$23,445|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $149,993

- **Estimated Expense Ratio:** 42.350% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$405,770|$46,890|$103,067|—|—|

| 2023|$563,625|—|—|—|—|

| 2022|$1,116,806|—|—|—|—|

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/lbm-industries-561145775-501)

© 2026 PlanProvider.Pro