Leaffilter North, LLC 401(k) Review & Grade
Leafhome 401(k) Plan
Hudson, OHRetail Trade2,800 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$453Employer $ per active participant
$4,365Employee $ saved per active participant
1.24%Direct admin cost, % of plan assets
$44.7MNet plan assets, end of year
$14,641Average balance per account
Score breakdown
- Employer generosity17.3 / 5035th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 3th |
| Employee saving | 84th |
| Peers that auto-enroll | 42% |
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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
- Leaffilter North put in about $453 per active participant, below the typical peer ($650). 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 (1.24% of assets) are well above similar-size plans (0.12%). 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 | $1,268,305 |
| Participant (employee) contributions | $12,220,256 |
| Other contributions (incl. rollovers in) | $622,822 |
| Administrative expenses paid from the plan | $501,898 |
| Contract administrator fees | $501,898 |
| Benefits paid out | $10,099,337 |
| Net assets, start / end of year | $36.1M / $44.7M |
| Active participants, start / end of year | 2,884 / 2,715 |
| Participants with account balances | 3,053 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $319,915 reported compensation |
| Ellsworth Advisors, LLC | $106,753 reported compensation |
| Administrative Fiduciary Services | $28,057 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015113659NAL0006125488002, received 2025-10-15, EIN 26-4198045, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.