Lantech.com, LLC 401(k) Review & Grade
Lantech 401(k) Savings Plan
Louisville, KYManufacturing520 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,239Employer $ per active participant
$5,291Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$62.8MNet plan assets, end of year
$150,583Average balance per account
Score breakdown
- Employer generosity24.3 / 5049th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 72th |
| Employee saving | 55th |
| 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 ($20,804 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $155,966 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lantech.com put in about $2,239 per active participant, below the typical peer ($2,320). 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.
- 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 | $1,164,464 |
| Participant (employee) contributions | $2,751,093 |
| Other contributions (incl. rollovers in) | $598,471 |
| Administrative expenses paid from the plan | $66,025 |
| Contract administrator fees | $66,025 |
| Benefits paid out | $7,130,782 |
| Net assets, start / end of year | $58.2M / $62.8M |
| Active participants, start / end of year | 511 / 529 |
| Participants with account balances | 417 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dean Dorton Allen Ford PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $82,567 reported compensation |
| Stegner Investment Associates, Inc. | $51,011 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103170717NAL0016909042001, received 2025-11-03, EIN 01-0756775, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.