L & L Products, Inc. 401(k) Review & Grade
L & L Products Employees' Profit Sharing Plan and Trust
Romeo, MIManufacturing568 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,595Employer $ per active participant
$9,184Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$185.8MNet plan assets, end of year
$248,110Average balance per account
Score breakdown
- Employer generosity48.5 / 5097th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 71th |
| Employee saving | 86th |
| Peers that auto-enroll | 59% |
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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
- L & L Products put in about $10,595 per active participant, more than the typical peer ($2,320). 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 | $6,017,898 |
| Participant (employee) contributions | $5,216,770 |
| Other contributions (incl. rollovers in) | $241,284 |
| Administrative expenses paid from the plan | $202,558 |
| Investment advisory & management fees | $71,634 |
| Benefits paid out | $24,169,285 |
| Net assets, start / end of year | $175.8M / $185.8M |
| Active participants, start / end of year | 568 / 568 |
| Participants with account balances | 749 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $130,924 reported compensation |
| Merrill Lynch | $71,634 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718041250NAL0001729600001, received 2025-07-18, EIN 38-1587867, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.