401(k) · DOL Form 5500 · 2024

Lc Industries, Inc. 401(k) Plan

Data updated 2026-08-11

$63M
Total assets
786
Participants
87th
Percentile by assets
$79,865
Avg per participant
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Official DOL plan name: Lc Industries Surplus Sharing & 401(k) Plan · Sponsored by Lc Industries, Inc. · North Carolina · Manufacturing

$63M in assets, 786 participants

Lc Industries, Inc.'s Lc Industries Surplus Sharing & 401(k) Plan reported $63M in total assets and 786 participants in its 2024 DOL Form 5500 filing, ranking in the 87th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 87th percentile by assets (of 123,622 plans)
  • #14,331 in Manufacturing (17,777 peers)

Where Lc Industries Surplus Sharing & 401(k) Plan sits by assets

Lc Industries Surplus Sharing & 401(k) Plan sits in the top quartile of all filed plans by assets, $63M for 786 participants (~$79,865/participant), down 1.5% in 2024.

$63M
total plan assets (2024 EOY)
786
covered participants
87th
percentile by assets (of 123,622 plans)
$79,865
avg assets per participant

The plan reported a net loss of $925K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Lc Industries Surplus Sharing & 401(k) Plan sits by total assets

Lc Industries Surplus Sharing & 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$62,773,726 Top 13% higher than 87% of 123,620 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Lc Industries Surplus Sharing & 401(k) Plan reported net income fell from $6M in the plan year 2023 filing to -$925K in the plan year 2024 filing.
  • Lc Industries Surplus Sharing & 401(k) Plan reported participants rose from 670 in the plan year 2023 filing to 786 in the plan year 2024 filing.
  • Lc Industries Surplus Sharing & 401(k) Plan end-of-year assets fell from $64M in the plan year 2023 filing to $63M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
North Carolina
Industry
Manufacturing

Lc Industries Surplus Sharing & 401(k) Plan vs the 2024 asset distribution

By assets, Lc Industries Surplus Sharing & 401(k) Plan outranks 87% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$64M
Net Assets (End of Year)$63M
Net Income-$925K
Employer EIN560686307
Plan Effective Date1998-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Lc Industries, Inc.)

$56M$58M$60M$62M$64M$66M 202220232024 $58M $62.8M ▲ +8.2%
Total plan assets by year, all Lc Industries, Inc. plans on file
Year Plans Participants Total Assets
2022 1 673 $58M
2023 1 670 $64M
2024 1 786 $63M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Lc Industries Surplus Sharing & 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Lc Industries Surplu…, Total assets ($B): 0.062773726 · Participants: 786Lc Industries Surplu…The Bank of America …, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America …Honeywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retireme…, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retireme…Nucor Corporation Pr…, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Pr…Truist Financial Cor…, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Cor…
Lc Industries Surplus Sharing & 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Lc Industries Surplus Sharing & 401(k) P… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Lc Industries Surplus Sharing & 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Lc Industries Surplus Sharing & 401(k) Plan assets move in 2024? ▼
Lc Industries Surplus Sharing & 401(k) Plan edged down modestly - down 1.5% during 2024, from $64M to $63M. Reported net income was -$925K.
How have Lc Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Lc Industries, Inc.'s sponsor-wide assets grew 8.2%, from $58M to $63M.
Where does Lc Industries Surplus Sharing & 401(k) Plan rank by assets among Form 5500 filers? ▼
Lc Industries Surplus Sharing & 401(k) Plan ranks in the 87th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Lc Industries Surplus Sharing & 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Brown, Winick, Graves, Gross and Baskerville, P.L.C. 401(k) Plan in IA ($63M, 143 participants).

Next read for Lc Industries Surplus Sharing & 401(k) P…

Scale reading

Ways to act on Lc Industries Surplus Sharing & 401(k) Plan's numbers.

  • By total assets, Lc Industries Surplus Sharing & 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
  • Lc Industries, Inc.'s sponsor-wide assets have grown 8.2% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 560686307.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.