Lansing Building Products, LLC 401(k) Review & Grade
Lansing Building Products, LLC 401k Plan
Richmond, VAWholesale Trade1,836 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,333Employer $ per active participant
$5,123Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$125.6MNet plan assets, end of year
$49,364Average balance per account
Score breakdown
- Employer generosity30.9 / 5062th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 66th |
| Employee saving | 57th |
| Peers that auto-enroll | 53% |
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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
- Lansing Building Products put in about $2,333 per active participant, more than the typical peer ($1,792). 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 | $4,283,077 |
| Participant (employee) contributions | $9,406,035 |
| Other contributions (incl. rollovers in) | $1,584,076 |
| Administrative expenses paid from the plan | $157,560 |
| Investment advisory & management fees | $157,804 |
| Benefits paid out | $13,478,388 |
| Net assets, start / end of year | $107.1M / $125.6M |
| Active participants, start / end of year | 1,807 / 1,865 |
| Participants with account balances | 2,544 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert LLP |
Largest service providers (Schedule C)
| Wells Fargo Clearing Services | $110,043 reported compensation |
| Strategic Advisors, Inc. | $47,761 reported compensation |
| Fidelity Investments Institutional | −$244 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924153100NAL0017433090001, received 2025-09-24, EIN 54-0617098, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.