Lbce Holdings, Inc. 401(k) Review & Grade
Link-Belt Employees' Savings & Investment Plan
Lexington, KYManagement of Companies810 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,728Employer $ per active participant
$7,268Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$154.7MNet plan assets, end of year
$149,933Average balance per account
Score breakdown
- Employer generosity32.2 / 5064th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 82th |
| Employee saving | 65th |
| Peers that auto-enroll | 58% |
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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
- Lbce Holdings put in about $3,728 per active participant, more than the typical peer ($2,492). 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 | $3,021,722 |
| Participant (employee) contributions | $5,890,524 |
| Other contributions (incl. rollovers in) | $195,968 |
| Administrative expenses paid from the plan | $102,188 |
| Other admin expenses | $50,198 |
| Benefits paid out | $14,338,469 |
| Net assets, start / end of year | $144.9M / $154.7M |
| Active participants, start / end of year | 780 / 841 |
| Participants with account balances | 1,032 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deming, Malone, Livesay & Ostroff |
Largest service providers (Schedule C)
| Buck Global LLC | $48,800 reported compensation |
| T Rowe Price RPS Inc | $34,490 reported compensation |
| Denning, Malone, Livesay & Ostroff | $17,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003151342NAL0000875539001, received 2025-10-03, EIN 61-1099661, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.