Life Cycle Engineering, Inc. 401(k) Review & Grade
Lce Employee Savings Plan
North Charleston, SCProfessional, Scientific & Technical Services512 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,348Employer $ per active participant
$8,295Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$68.9MNet plan assets, end of year
$88,705Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost9.6 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 38th |
| Employee saving | 44th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Life Cycle Engineering put in about $2,348 per active participant, below the typical peer ($3,082). 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.
- 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 | $1,201,101 |
| Participant (employee) contributions | $4,242,695 |
| Other contributions (incl. rollovers in) | $1,367,843 |
| Administrative expenses paid from the plan | $209,172 |
| Contract administrator fees | $198,872 |
| Benefits paid out | $7,613,791 |
| Net assets, start / end of year | $61.8M / $68.9M |
| Active participants, start / end of year | 498 / 525 |
| Participants with account balances | 777 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Jones, Pounder & Associates, PC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $198,872 reported compensation |
| Royal Alliance Associates Inc | $94,186 reported compensation |
| Jones, Pounder & Associa | $10,305 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014163259NAL0003414273001, received 2025-10-14, EIN 57-0649372, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.