Laerdal Medical Corporation 401(k) Review & Grade
Laerdal Medical Corporation 401(k) Profit Sharing Plan
Wappingers Falls, NYWholesale Trade544 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,357Employer $ per active participant
$6,648Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$69.8MNet plan assets, end of year
$141,580Average balance per account
Score breakdown
- Employer generosity42.8 / 5086th percentile for employer $ per participant
- Low cost11.4 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 46th |
| Employee saving | 76th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Laerdal Medical put in about $4,357 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 | $2,367,942 |
| Participant (employee) contributions | $3,613,015 |
| Other contributions (incl. rollovers in) | $319,943 |
| Administrative expenses paid from the plan | $171,896 |
| Benefits paid out | $5,681,857 |
| Net assets, start / end of year | $61.0M / $69.8M |
| Active participants, start / end of year | 608 / 479 |
| Participants with account balances | 493 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PKF O'connor Davies, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $150,731 reported compensation |
| PKF O'connor Davies, LLP | $21,165 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250617110958NAL0000780595001, received 2025-06-17, EIN 13-2587752, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.