Language Line, LLC 401(k) Review & Grade
Language Line Services 401(k) Retirement Plan
Monterey, CAAdministrative, Support & Staffing Services4,108 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$733Employer $ per active participant
$1,951Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$103.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity32.7 / 5065th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 88th |
| Employee saving | 60th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($23,472 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $7,309 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Language Line put in about $733 per active participant, more than the typical peer ($342). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,012,443 |
| Participant (employee) contributions | $8,012,948 |
| Other contributions (incl. rollovers in) | $294,150 |
| Administrative expenses paid from the plan | $32,776 |
| Contract administrator fees | $26,161 |
| Benefits paid out | $5,111,234 |
| Net assets, start / end of year | $86.2M / $103.4M |
| Active participants, start / end of year | 3,951 / 4,265 |
| Participants with account balances | 1,924 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Lincoln National Corporation | $26,161 reported compensation |
| Moss Adams, LLP | $6,615 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251105093134NAL0008204849001, received 2025-11-05, EIN 05-0504190, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.