Laticrete International, Inc. 401(k) Review & Grade
Laticrete International, Inc. 401(k) Savings and Profit Sharing Plan
Bethany, CTManufacturing538 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,881Employer $ per active participant
$8,930Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$74.1MNet plan assets, end of year
$115,205Average balance per account
Score breakdown
- Employer generosity30.5 / 5061th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 47th |
| Employee saving | 85th |
| 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
- Laticrete International put in about $2,881 per active participant, more than the typical peer ($2,320). 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.
- 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 | $1,551,628 |
| Participant (employee) contributions | $4,808,914 |
| Other contributions (incl. rollovers in) | $183,019 |
| Administrative expenses paid from the plan | $176,155 |
| Investment advisory & management fees | $22,060 |
| Other admin expenses | $84,957 |
| Benefits paid out | $6,049,166 |
| Net assets, start / end of year | $64.1M / $74.1M |
| Active participants, start / end of year | 539 / 538 |
| Participants with account balances | 643 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Herbein & Company |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $69,137 reported compensation |
| Strategic Advisors, Inc. | $22,060 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001102947NAL0014098400001, received 2025-10-01, EIN 06-0774147, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.