L.B. Foster Company 401(k) Review & Grade
L.B. Foster Company 401(k) and Profit Sharing Plan
Pittsburgh, PAWholesale Trade835 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,603Employer $ per active participant
$5,512Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$92.3MNet plan assets, end of year
$93,146Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost23.1 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 92th |
| Employee saving | 63th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- L.B. Foster put in about $3,603 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,008,523 |
| Participant (employee) contributions | $4,602,106 |
| Other contributions (incl. rollovers in) | $90,855 |
| Administrative expenses paid from the plan | $27,750 |
| Investment advisory & management fees | $37,907 |
| Benefits paid out | $10,237,220 |
| Net assets, start / end of year | $83.4M / $92.3M |
| Active participants, start / end of year | 801 / 869 |
| Participants with account balances | 991 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Schneider Downs Co |
| Employer stock held by plan | $2,022,361 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $21,591 reported compensation |
| Mill Creek Capital Advisors, LLC | $16,316 reported compensation |
| Fidelity Investments Institutional | −$10,158 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002085747NAL0000162851001, received 2025-10-02, EIN 25-1324733, plan #201, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.