Ldi Mechanical, Inc. 401(k) Review & Grade
Ldi Mechanical, Inc. 401(k) Retirement Savings Plan
Corona, CAConstruction597 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$309Employer $ per active participant
$948Employee $ saved per active participant
0.71%Direct admin cost, % of plan assets
$7.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.5 / 5011th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 13th |
| Employee saving | 8th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $36,143 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ldi Mechanical put in about $309 per active participant, below the typical peer ($1,672). 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 (0.71% 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.
- 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 | $184,328 |
| Participant (employee) contributions | $566,163 |
| Other contributions (incl. rollovers in) | $7,421 |
| Administrative expenses paid from the plan | $50,118 |
| Investment advisory & management fees | $33,301 |
| Benefits paid out | $326,413 |
| Net assets, start / end of year | $6.5M / $7.7M |
| Active participants, start / end of year | 650 / 544 |
| Participants with account balances | 153 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith Brown PC |
Largest service providers (Schedule C)
| Ubs Financial Services Inc | $32,728 reported compensation |
| Empower Annuity Insurance Company O | $16,817 reported compensation |
| Empower Advisory Group, LLC | $573 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821111100NAL0004219201001, received 2025-08-21, EIN 74-2946953, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.