The Lightstone Group, LLC 401(k) Review & Grade
The Lightstone Group, LLC 401(k) Plan
New York, NYReal Estate & Rental547 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,811Employer $ per active participant
$6,839Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$40.4MNet plan assets, end of year
$40,234Average balance per account
Score breakdown
- Employer generosity40.0 / 5080th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 28th |
| Employee saving | 83th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $3,634 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lightstone Group put in about $2,811 per active participant, more than the typical peer ($1,279). 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 (0.43% 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 | $1,537,774 |
| Participant (employee) contributions | $3,740,897 |
| Other contributions (incl. rollovers in) | $326,744 |
| Administrative expenses paid from the plan | $158,306 |
| Investment advisory & management fees | $86,634 |
| Benefits paid out | $2,898,506 |
| Net assets, start / end of year | $32.9M / $40.4M |
| Active participants, start / end of year | 530 / 564 |
| Participants with account balances | 1,004 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withumsmith Brown |
Largest service providers (Schedule C)
| Regent Atlantic Capital LLC | $86,634 reported compensation |
| Fidelity Investments Institutional | $71,672 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014115115NAL0001305331001, received 2025-10-14, EIN 02-0641131, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.