Lechase Construction Services, LLC 401(k) Review & Grade
Lechase Companies 401(k) Salary Savings Trust
Rochester, NYConstruction538 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,434Employer $ per active participant
$10,918Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$100.9MNet plan assets, end of year
$149,724Average balance per account
Score breakdown
- Employer generosity40.0 / 5080th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 50th |
| Employee saving | 96th |
| Peers that auto-enroll | 44% |
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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
- Lechase Construction Services put in about $3,434 per active participant, more than the typical peer ($1,672). 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.
- 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 | $1,847,250 |
| Participant (employee) contributions | $5,873,864 |
| Other contributions (incl. rollovers in) | $691,020 |
| Administrative expenses paid from the plan | $218,099 |
| Other admin expenses | $218,099 |
| Benefits paid out | $8,579,772 |
| Net assets, start / end of year | $90.5M / $100.9M |
| Active participants, start / end of year | 529 / 547 |
| Participants with account balances | 674 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bonadio & Co., LLP |
Largest service providers (Schedule C)
| American Trust Company | $125,795 reported compensation |
| Cooper Haims Advisors, LLC | $92,305 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250811095232NAL0006509139001, received 2025-08-11, EIN 16-1512277, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.