Lewis Brisbois Bisgaard & Smith LLP 401(k) Review & Grade
Lewis Brisbois Bisgaard & Smith LLP Employees 401(k) Plan
Los Angeles, CAProfessional, Scientific & Technical Services2,687 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,434Employer $ per active participant
$8,661Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$301.5MNet plan assets, end of year
$76,423Average balance per account
Score breakdown
- Employer generosity12.6 / 5025th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 30th |
| Employee saving | 47th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,086 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,609 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lewis Brisbois Bisgaard & Smith LLP put in about $1,434 per active participant, below the typical peer ($2,951). 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 (0.23% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,854,177 |
| Participant (employee) contributions | $23,271,430 |
| Other contributions (incl. rollovers in) | $6,930,382 |
| Administrative expenses paid from the plan | $634,105 |
| Contract administrator fees | $55,475 |
| Investment advisory & management fees | $202,175 |
| Benefits paid out | $29,520,502 |
| Net assets, start / end of year | $257.1M / $301.5M |
| Active participants, start / end of year | 2,757 / 2,617 |
| Participants with account balances | 3,945 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Co.,llp |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $329,205 reported compensation |
| Morgan Stanley Smith Barney | $202,175 reported compensation |
| Kravitz, LLC | $55,475 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015173521NAL0005539985001, received 2025-10-15, EIN 95-3720522, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.