The Lubrizol Corporation 401(k) Review & Grade
The Lubrizol Corporation Employees Profit Sharing and Savings Plan
Wickliffe, OHManufacturing4,008 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,135Employer $ per active participant
$11,362Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$259,987Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost19.5 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 78th |
| Employee saving | 88th |
| Peers that auto-enroll | 70% |
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
Corrective distributions: the plan refunded $4,964 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lubrizol put in about $12,135 per active participant, more than the typical peer ($3,452). 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 | $48,630,516 |
| Participant (employee) contributions | $45,532,108 |
| Other contributions (incl. rollovers in) | $7,222,007 |
| Administrative expenses paid from the plan | $725,756 |
| Investment advisory & management fees | $677,784 |
| Other admin expenses | $3,600 |
| Benefits paid out | $167,806,566 |
| Net assets, start / end of year | $1.4B / $1.5B |
| Active participants, start / end of year | 4,083 / 3,932 |
| Participants with account balances | 5,670 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Maloney & Novotny, LLC |
| Employer stock held by plan | $99,595,189 |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $677,784 reported compensation |
| Empower Annuity Insurance Company | $44,372 reported compensation |
| Willis Towers Watson US LLC | $18,577 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013135309NAL0000677267001, received 2025-10-13, EIN 34-0367600, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.