Leavitt Group Enterprises, Inc. 401(k) Review & Grade
The Leavitt Group Profit Sharing and Retirement Savings Employee Stock Ownership Plan
Cedar City, UTFinance & Insurance2,888 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,946Employer $ per active participant
$5,617Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$244.1MNet plan assets, end of year
$52,547Average balance per account
Score breakdown
- Employer generosity6.3 / 5013th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 24th |
| Employee saving | 17th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,269 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Leavitt Group Enterprises put in about $1,946 per active participant, below the typical peer ($4,489). 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 (0.29% 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 | $5,619,117 |
| Participant (employee) contributions | $16,222,319 |
| Other contributions (incl. rollovers in) | $3,357,994 |
| Administrative expenses paid from the plan | $654,263 |
| Investment advisory & management fees | $392,174 |
| Other admin expenses | $19,500 |
| Benefits paid out | $23,544,917 |
| Net assets, start / end of year | $210.5M / $244.1M |
| Active participants, start / end of year | 2,881 / 2,895 |
| Participants with account balances | 4,646 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hintonburdick Cpa's and Advisors |
Largest service providers (Schedule C)
| Prime Capital Investment Advisors L | $392,174 reported compensation |
| Empower Annuity Insurance Company | $215,068 reported compensation |
| Reagan Consulting Inc | $19,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250610171144NAL0015021169001, received 2025-06-10, EIN 88-0090855, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.