Lake Cable, LLC 401(k) Review & Grade
Lake Cable, LLC 401(k) Plan
Bensenville, ILManufacturing502 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,173Employer $ per active participant
$4,986Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$17.4MNet plan assets, end of year
$31,439Average balance per account
Score breakdown
- Employer generosity10.9 / 5022th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 64th |
| Employee saving | 51th |
| 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
- Lake Cable put in about $1,173 per active participant, below the typical peer ($2,320). 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.
- 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 | $588,039 |
| Participant (employee) contributions | $2,500,576 |
| Other contributions (incl. rollovers in) | $84,963 |
| Administrative expenses paid from the plan | $22,584 |
| Contract administrator fees | $22,584 |
| Benefits paid out | $1,853,120 |
| Net assets, start / end of year | $14.2M / $17.4M |
| Active participants, start / end of year | 472 / 531 |
| Participants with account balances | 552 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Porte Brown Accountants and Advisor |
Largest service providers (Schedule C)
| Stancorp Financial Group | $30,778 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007120542NAL0002444803001, received 2025-10-07, EIN 36-4036023, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.