Lang Masonry Contractors, Inc. 401(k) Review & Grade
Lang Masonry Contractors, Inc. 401(k) Plan
Waterford, OHConstruction591 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,516Employer $ per active participant
$3,518Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$25.2MNet plan assets, end of year
$46,673Average balance per account
Score breakdown
- Employer generosity34.0 / 5068th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 19th |
| Employee saving | 43th |
| Peers that auto-enroll | 44% |
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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 ($231,008 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Lang Masonry Contractors put in about $2,516 per active participant, more than the typical peer ($1,672). 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.
- Direct plan expenses (0.57% 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 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 | $1,487,149 |
| Participant (employee) contributions | $2,079,373 |
| Other contributions (incl. rollovers in) | $314,200 |
| Administrative expenses paid from the plan | $132,358 |
| Benefits paid out | $3,345,670 |
| Net assets, start / end of year | $21.5M / $25.2M |
| Active participants, start / end of year | 632 / 550 |
| Participants with account balances | 539 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | GBQ Partners, LLC |
Largest service providers (Schedule C)
| Empower Annuity Ins. Co. of America | $126,642 reported compensation |
| Northwestern Mutual Investment Svcs | $57,750 reported compensation |
| Metro Benefits, Inc. | $18,620 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015100311NAL0002119411001, received 2025-10-15, EIN 31-1451365, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.