Landscapes Unlimited, LLC 401(k) Review & Grade
Landscapes Unlimited, LLC 401(k) Plan
Lincoln, NEConstruction1,293 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$427Employer $ per active participant
$1,354Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$34.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.5 / 5013th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 43th |
| Employee saving | 12th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $116,114 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Landscapes Unlimited put in about $427 per active participant, below the typical peer ($1,672). 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 | $551,787 |
| Participant (employee) contributions | $1,750,805 |
| Other contributions (incl. rollovers in) | $25,114 |
| Administrative expenses paid from the plan | $93,484 |
| Contract administrator fees | $93,484 |
| Benefits paid out | $3,918,259 |
| Net assets, start / end of year | $31.9M / $34.5M |
| Active participants, start / end of year | 1,091 / 1,495 |
| Participants with account balances | 352 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $93,483 reported compensation |
| Prime Capital Investment Advisors, | $41,505 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916112503NAL0001152611001, received 2025-09-16, EIN 47-0822871, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.