Lamers Bus Lines, Inc. 401(k) Review & Grade
Lamers Bus Lines, Inc. 401(k) Profit Sharing Plan
Green Bay, WITransportation & Warehousing1,390 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$196Employer $ per active participant
$813Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$26.6MNet plan assets, end of year
$23,302Average balance per account
Score breakdown
- Employer generosity5.1 / 5010th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 92th |
| Employee saving | 10th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $64,916 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lamers Bus Lines put in about $196 per active participant, below the typical peer ($1,070). 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 | $272,417 |
| Participant (employee) contributions | $1,130,194 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $8,959 |
| Benefits paid out | $2,450,615 |
| Net assets, start / end of year | $24.7M / $26.6M |
| Active participants, start / end of year | 1,445 / 1,334 |
| Participants with account balances | 1,143 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kerberrose SC |
Largest service providers (Schedule C)
| Jpmorgan Invest Holdings LLC | $8,959 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007143118NAL0004906785001, received 2025-10-07, EIN 39-1190033, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.