Lithko Contracting, LLC 401(k) Review & Grade
Building Your Benefits Retirement Savings Plan
West Chester, OHConstruction4,256 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$775Employer $ per active participant
$1,665Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$86.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.7 / 5021th percentile for employer $ per participant
- Low cost6.7 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 27th |
| Employee saving | 17th |
| Peers that auto-enroll | 57% |
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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
- Lithko Contracting put in about $775 per active participant, below the typical peer ($1,965). 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.
- Direct plan expenses (0.26% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $3,300,392 |
| Participant (employee) contributions | $7,088,349 |
| Other contributions (incl. rollovers in) | $1,976,632 |
| Administrative expenses paid from the plan | $201,351 |
| Contract administrator fees | $121,839 |
| Investment advisory & management fees | $79,512 |
| Benefits paid out | $4,514,289 |
| Net assets, start / end of year | $68.9M / $86.2M |
| Active participants, start / end of year | 4,672 / 3,841 |
| Participants with account balances | 1,355 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante Moran PLLC |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Srvcs | $140,100 reported compensation |
| Global Retirement Partners | $43,750 reported compensation |
| Plante & Moran, PLLC | $17,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818162146NAL0001415185001, received 2025-08-18, EIN 43-1214734, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.