Loyal Source Government Services, LLC 401(k) Review & Grade
Loyal Source Government Services 401(k) Plan
Orlando, FLAdministrative, Support & Staffing Services2,844 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$157Employer $ per active participant
$1,563Employee $ saved per active participant
1.41%Direct admin cost, % of plan assets
$19.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity19.8 / 5040th percentile for employer $ per participant
- Low cost0.6 / 253th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 3th |
| Employee saving | 55th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($13,810 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Loyal Source Government Services put in about $157 per active participant, below the typical peer ($342). 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 (1.41% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $447,269 |
| Participant (employee) contributions | $4,445,075 |
| Other contributions (incl. rollovers in) | $559,997 |
| Administrative expenses paid from the plan | $237,606 |
| Contract administrator fees | $186,461 |
| Investment advisory & management fees | $51,145 |
| Benefits paid out | $2,782,072 |
| Net assets, start / end of year | $14.7M / $19.1M |
| Active participants, start / end of year | 3,566 / 2,122 |
| Participants with account balances | 775 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $136,441 reported compensation |
| Ubs Financial Services Inc | $51,145 reported compensation |
| Retirement Solutions Specialists | $45,430 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918162559NAL0001631425001, received 2025-09-18, EIN 30-0564703, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.