Lassonde Pappas and Company, Inc. 401(k) Review & Grade
Lassonde 401k Plan for the Benefit of U.S. Employees
Cherry Hill, NJHealth Care & Social Assistance794 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,675Employer $ per active participant
$4,976Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$64.0MNet plan assets, end of year
$64,477Average balance per account
Score breakdown
- Employer generosity39.9 / 5080th percentile for employer $ per participant
- Low cost11.6 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 47th |
| Employee saving | 79th |
| Peers that auto-enroll | 36% |
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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
- Lassonde Pappas and Company put in about $2,675 per active participant, more than the typical peer ($976). 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 | $2,122,868 |
| Participant (employee) contributions | $3,948,510 |
| Other contributions (incl. rollovers in) | $597,963 |
| Administrative expenses paid from the plan | $154,968 |
| Investment advisory & management fees | $141,968 |
| Benefits paid out | $6,775,542 |
| Net assets, start / end of year | $57.5M / $64.0M |
| Active participants, start / end of year | 772 / 815 |
| Participants with account balances | 992 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bkc,cpas,pc |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $154,968 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144429NAL0006393010002, received 2025-10-14, EIN 21-0648161, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.