Lymi Inc 401(k) Review & Grade
Lymi Inc 401(k) Profit Sharing Plan & Trust
Vernon, CARetail Trade810 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,667Employer $ per active participant
$3,872Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$16.5MNet plan assets, end of year
$14,478Average balance per account
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 21th |
| Employee saving | 64th |
| 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
- Lymi put in about $1,667 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.54% of assets) are well above similar-size plans (0.23%). 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 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 | $1,350,392 |
| Participant (employee) contributions | $3,136,598 |
| Other contributions (incl. rollovers in) | $422,891 |
| Administrative expenses paid from the plan | $73,719 |
| Investment advisory & management fees | $31,722 |
| Benefits paid out | $856,075 |
| Net assets, start / end of year | $10.8M / $16.5M |
| Active participants, start / end of year | 771 / 849 |
| Participants with account balances | 1,143 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell, LLP |
Largest service providers (Schedule C)
| Paychex, Inc. | $41,374 reported compensation |
| Concurrent Investment Advisors LLC | $27,053 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250913075605NAL0001912881001, received 2025-09-13, EIN 35-2467049, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.