Liebherr Mining & Construction 401(k) Review & Grade
Liebherr-America Inc. Pension Plan
Newport News, VAManufacturing1,644 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,628Employer $ per active participant
$8,360Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$264.3MNet plan assets, end of year
$118,113Average balance per account
Score breakdown
- Employer generosity43.1 / 5086th percentile for employer $ per participant
- Low cost15.3 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 61th |
| Employee saving | 83th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,112 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Liebherr Mining & Construction put in about $5,628 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 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 | $9,249,412 |
| Participant (employee) contributions | $13,738,917 |
| Other contributions (incl. rollovers in) | $1,446,745 |
| Administrative expenses paid from the plan | $388,794 |
| Contract administrator fees | $291,039 |
| Investment advisory & management fees | $95,005 |
| Other admin expenses | $2,750 |
| Benefits paid out | $15,230,517 |
| Net assets, start / end of year | $223.2M / $264.3M |
| Active participants, start / end of year | 1,556 / 1,731 |
| Participants with account balances | 2,238 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Capfinancial Partners LLC | $74,780 reported compensation |
| Voya Retirement Advisors, LLC | $58,114 reported compensation |
| Liebherr-America, Inc | $17,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924155348NAL0017482466001, received 2025-09-24, EIN 54-0885749, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.