Leith, Inc. 401(k) Review & Grade
Leith, Inc. 401(k) Profit Sharing Plan
Raleigh, NCRetail Trade1,858 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,004Employer $ per active participant
$4,474Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$146.2MNet plan assets, end of year
$50,051Average balance per account
Score breakdown
- Employer generosity30.9 / 5062th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 96th |
| Employee saving | 74th |
| Peers that auto-enroll | 48% |
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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
- Leith put in about $1,004 per active participant, more than the typical peer ($743). 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 | $1,865,230 |
| Participant (employee) contributions | $8,311,969 |
| Other contributions (incl. rollovers in) | $106,148 |
| Administrative expenses paid from the plan | $23,547 |
| Other admin expenses | $1,330 |
| Benefits paid out | $13,194,092 |
| Net assets, start / end of year | $130.1M / $146.2M |
| Active participants, start / end of year | 1,822 / 1,894 |
| Participants with account balances | 2,922 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Milliman, Inc. | $239,463 reported compensation |
| Deloitte & Touche LLP | $58,710 reported compensation |
| Matrix Trust Company | $38,098 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015124901NAL0009312626003, received 2025-10-15, EIN 56-0929494, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.