Latham Pool Products, Inc. 401(k) Review & Grade
Latham Pool Products, Inc. 401(k) Savings Plan
Latham, NYManufacturing1,427 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,239Employer $ per active participant
$3,416Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$56.3MNet plan assets, end of year
$35,135Average balance per account
Score breakdown
- Employer generosity11.9 / 5024th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 26th |
| Employee saving | 28th |
| Peers that auto-enroll | 59% |
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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
- Latham Pool Products put in about $1,239 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.
- Direct plan expenses (0.45% 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.
- 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 | $1,768,127 |
| Participant (employee) contributions | $4,875,262 |
| Other contributions (incl. rollovers in) | $788,329 |
| Administrative expenses paid from the plan | $239,210 |
| Investment advisory & management fees | $109,629 |
| Other admin expenses | −$1,524 |
| Benefits paid out | $7,007,064 |
| Net assets, start / end of year | $49.1M / $56.3M |
| Active participants, start / end of year | 1,412 / 1,442 |
| Participants with account balances | 1,603 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Chiampou Travis Besaw &kershner LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $131,105 reported compensation |
| Creative Planning LLC | $83,489 reported compensation |
| Strategic Advisors, Inc. | $26,140 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008074930NAL0012820754001, received 2025-10-08, EIN 27-1694029, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.