LGG Industrial 401(k) Review & Grade
LGG Industrial Retirement Savings Plan
Pittsburgh, PAManufacturing773 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,069Employer $ per active participant
$6,244Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$84.0MNet plan assets, end of year
$66,973Average balance per account
Score breakdown
- Employer generosity22.4 / 5045th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 56th |
| Employee saving | 66th |
| Peers that auto-enroll | 59% |
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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
- LGG Industrial put in about $2,069 per active participant, below the typical peer ($2,320). 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.
- 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 | $1,599,401 |
| Participant (employee) contributions | $4,826,392 |
| Other contributions (incl. rollovers in) | $1,838,157 |
| Administrative expenses paid from the plan | $151,610 |
| Investment advisory & management fees | $81,728 |
| Benefits paid out | $10,817,312 |
| Net assets, start / end of year | $77.0M / $84.0M |
| Active participants, start / end of year | 753 / 793 |
| Participants with account balances | 1,254 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Creative Planning LLC | $81,728 reported compensation |
| Fidelity Investments Institutional | $69,882 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917075030NAL0000531394001, received 2025-09-17, EIN 46-4585115, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.