Lallemand USA, Inc. 401(k) Review & Grade
Lallemand USA 401(k) Savings Plan
Memphis, TNManufacturing648 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,804Employer $ per active participant
$8,129Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$102.2MNet plan assets, end of year
$134,998Average balance per account
Score breakdown
- Employer generosity40.7 / 5081th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 59th |
| Employee saving | 81th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($551,135 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Lallemand USA put in about $4,804 per active participant, more than the typical peer ($2,320). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,113,096 |
| Participant (employee) contributions | $5,267,516 |
| Other contributions (incl. rollovers in) | $3,775,280 |
| Administrative expenses paid from the plan | $161,718 |
| Investment advisory & management fees | $81,402 |
| Other admin expenses | $25,198 |
| Benefits paid out | $6,617,634 |
| Net assets, start / end of year | $85.4M / $102.2M |
| Active participants, start / end of year | 624 / 672 |
| Participants with account balances | 757 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $80,315 reported compensation |
| RBC Wealth Management | $79,735 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013145155NAL0003257266001, received 2025-10-13, EIN 98-0096771, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.