Laitram LLC 401(k) Review & Grade
The Laitram Employees' Incentive Savings Plan
New Orleans, LAManagement of Companies2,689 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,355Employer $ per active participant
$8,515Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$614.1MNet plan assets, end of year
$199,788Average balance per account
Score breakdown
- Employer generosity45.8 / 5092th percentile for employer $ per participant
- Low cost24.3 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 97th |
| Employee saving | 75th |
| Peers that auto-enroll | 58% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Laitram put in about $7,355 per active participant, more than the typical peer ($3,455). 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 | $19,778,476 |
| Participant (employee) contributions | $22,897,621 |
| Other contributions (incl. rollovers in) | $2,630,109 |
| Administrative expenses paid from the plan | $62,554 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $95,133 |
| Benefits paid out | $43,926,340 |
| Net assets, start / end of year | $516.0M / $614.1M |
| Active participants, start / end of year | 2,567 / 2,811 |
| Participants with account balances | 3,074 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wegmann Dazet Apc |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $95,139 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014103954NAL0001230627001, received 2025-10-14, EIN 76-0719479, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.