Livanova USA, Inc. 401(k) Review & Grade
Livanova US Employee Retirement Savings Plan
Houston, TXManufacturing1,278 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,252Employer $ per active participant
$11,155Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$257.4MNet plan assets, end of year
$135,141Average balance per account
Score breakdown
- Employer generosity42.0 / 5084th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 82th |
| Employee saving | 93th |
| 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
- Livanova USA put in about $5,252 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 | $6,712,127 |
| Participant (employee) contributions | $14,255,982 |
| Other contributions (incl. rollovers in) | $4,397,558 |
| Administrative expenses paid from the plan | $168,415 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $55,690 |
| Benefits paid out | $33,148,856 |
| Net assets, start / end of year | $233.2M / $257.4M |
| Active participants, start / end of year | 1,332 / 1,224 |
| Participants with account balances | 1,905 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Calvetti Ferguson LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $112,725 reported compensation |
| Strategic Advisors, Inc. | $55,690 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007164926NAL0002618019001, received 2025-10-07, EIN 76-0236465, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.