LGC 401(k) Review & Grade
LGC 401(k) Savings Plan
Manchester, NHManufacturing1,201 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,019Employer $ per active participant
$7,270Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$110.1MNet plan assets, end of year
$80,029Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1576th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 49th |
| Employee saving | 76th |
| Peers that auto-enroll | 59% |
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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 ($141 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,751 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- LGC put in about $3,019 per active participant, more than the typical peer ($2,320). 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 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 | $3,625,568 |
| Participant (employee) contributions | $8,730,723 |
| Other contributions (incl. rollovers in) | $317,840 |
| Administrative expenses paid from the plan | $243,833 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $70,042 |
| Other admin expenses | $998 |
| Benefits paid out | $11,477,512 |
| Net assets, start / end of year | $94.8M / $110.1M |
| Active participants, start / end of year | 1,192 / 1,210 |
| Participants with account balances | 1,376 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $170,799 reported compensation |
| Strategic Advisors, Inc. | $36,893 reported compensation |
| Newport Group Consulting LLC | $33,149 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007120422NAL0002649267001, received 2025-10-07, EIN 02-0416194, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.