L & F Distributors, LLC 401(k) Review & Grade
L & F Distributors 401(k) Plan
Mcallen, TXWholesale Trade1,376 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$747Employer $ per active participant
$1,265Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$31.7MNet plan assets, end of year
$43,268Average balance per account
Score breakdown
- Employer generosity7.5 / 5015th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 22th |
| Employee saving | 6th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $91,234 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- L & F Distributors put in about $747 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.52% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,028,182 |
| Participant (employee) contributions | $1,739,976 |
| Other contributions (incl. rollovers in) | $384,692 |
| Administrative expenses paid from the plan | $155,217 |
| Investment advisory & management fees | $82,652 |
| Benefits paid out | $3,295,783 |
| Net assets, start / end of year | $28.0M / $31.7M |
| Active participants, start / end of year | 1,453 / 1,298 |
| Participants with account balances | 733 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kimberlin Company, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $72,565 reported compensation |
| World Investment Advisors LLC | $61,884 reported compensation |
| Empower Advisory Group, LLC | $20,768 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250707132545NAL0005886960001, received 2025-07-07, EIN 74-2200646, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.