Lane & Associates, Inc. 401(k) Review & Grade
Lane & Associates, Inc. 401(k) Plan
Angier, NCFinance & Insurance640 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,366Employer $ per active participant
$4,516Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$28.6MNet plan assets, end of year
$33,395Average balance per account
Score breakdown
- Employer generosity13.8 / 5028th percentile for employer $ per participant
- Low cost4.4 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 18th |
| Employee saving | 17th |
| Peers that auto-enroll | 62% |
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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
- Lane & Associates put in about $2,366 per active participant, below the typical peer ($3,606). 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.
- Direct plan expenses (0.59% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,512,778 |
| Participant (employee) contributions | $2,888,200 |
| Other contributions (incl. rollovers in) | $764 |
| Administrative expenses paid from the plan | $153,066 |
| Contract administrator fees | $153,066 |
| Benefits paid out | $1,822,333 |
| Net assets, start / end of year | $23.0M / $28.6M |
| Active participants, start / end of year | 577 / 702 |
| Participants with account balances | 855 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wiggins & Company, LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $83,868 reported compensation |
| Morgan Stanley Smith Barney LLC | $56,896 reported compensation |
| First National Trust Company | $12,303 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924162430NAL0003141027001, received 2025-09-24, EIN 56-1829452, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.