Labornow LLC 401(k) Review & Grade
Labornow LLC 401(k) Profit Sharing Plan & Trust
Houston, TXOther Services1,156 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$0Employer $ per active participant
$2Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$2,819Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.4 / 505th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 92th |
| Employee saving | 0th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Labornow put in about $0 per active participant, below the typical peer ($1,257). 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.
- 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 | $394 |
| Participant (employee) contributions | $2,463 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $1 |
| Benefits paid out | $0 |
| Net assets, start / end of year | $0 / $2,819 |
| Active participants, start / end of year | 672 / 1,641 |
| Participants with account balances | 1 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250618122313NAL0003421168001, received 2025-06-18, EIN 82-2208324, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.