LG Electronics USA, Inc. 401(k) Review & Grade
LG Electronics Retirement Plan
Englewood Cliffs, NJManufacturing3,072 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,989Employer $ per active participant
$9,184Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$450.4MNet plan assets, end of year
$123,223Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 46th |
| Employee saving | 75th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $16,260 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- LG Electronics USA put in about $3,989 per active participant, more than the typical peer ($3,452). 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.
- 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 | $12,255,528 |
| Participant (employee) contributions | $28,218,408 |
| Other contributions (incl. rollovers in) | $7,682,486 |
| Administrative expenses paid from the plan | $585,052 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $266,812 |
| Other admin expenses | $91,287 |
| Benefits paid out | $39,816,822 |
| Net assets, start / end of year | $383.5M / $450.4M |
| Active participants, start / end of year | 3,020 / 3,125 |
| Participants with account balances | 3,655 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $210,964 reported compensation |
| Fidelity Investments Institutional | $200,503 reported compensation |
| NFP Retirement, Inc. | $91,287 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010124405NAL0004249411001, received 2025-10-10, EIN 13-2950311, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.