Land O'frost, Inc. 401(k) Review & Grade
Land O'frost 401(k) Retirement Savings Plan
Lansing, ILManufacturing1,243 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$730Employer $ per active participant
$3,445Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$50.4MNet plan assets, end of year
$37,446Average balance per account
Score breakdown
- Employer generosity5.5 / 5011th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 27th |
| Employee saving | 29th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Land O'frost put in about $730 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.
- Direct plan expenses (0.44% 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 | $907,823 |
| Participant (employee) contributions | $4,282,487 |
| Other contributions (incl. rollovers in) | $343,736 |
| Administrative expenses paid from the plan | $212,488 |
| Other admin expenses | $104,967 |
| Benefits paid out | $6,004,369 |
| Net assets, start / end of year | $45.4M / $50.4M |
| Active participants, start / end of year | 1,176 / 1,310 |
| Participants with account balances | 1,347 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Swartz, Retson & Co., P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $107,521 reported compensation |
| Forest Captial Management, LLC | $104,967 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010102412NAL0012317808001, received 2025-10-10, EIN 36-2265880, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.