The Leona Group, LLC 401(k) Review & Grade
The Leona Group, LLC Employee Deferred Compensation Plan
Okemos, MIEducational Services900 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,193Employer $ per active participant
$1,789Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$37.0MNet plan assets, end of year
$74,992Average balance per account
Score breakdown
- Employer generosity24.5 / 5049th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 54th |
| Employee saving | 28th |
| Peers that auto-enroll | 37% |
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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
- Leona Group put in about $1,193 per active participant, below the typical peer ($1,225). 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.
- 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 | $1,073,918 |
| Participant (employee) contributions | $1,610,305 |
| Other contributions (incl. rollovers in) | $151,804 |
| Administrative expenses paid from the plan | $69,534 |
| Investment advisory & management fees | $30,605 |
| Benefits paid out | $1,498,360 |
| Net assets, start / end of year | $31.5M / $37.0M |
| Active participants, start / end of year | 912 / 888 |
| Participants with account balances | 493 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $38,929 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $30,605 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003142617NAL0001507585001, received 2025-10-03, EIN 38-3311066, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.