Ldrv Holdings Corp. 401(k) Review & Grade
Ldrv Holdings Corp. 401(k) Plan
Tampa, FLRetail Trade1,210 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$818Employer $ per active participant
$3,388Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$34.6MNet plan assets, end of year
$19,916Average balance per account
Score breakdown
- Employer generosity26.9 / 5054th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 20th |
| Employee saving | 57th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $9,453 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ldrv Holdings put in about $818 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.55% 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.
- 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 | $989,054 |
| Participant (employee) contributions | $4,098,230 |
| Other contributions (incl. rollovers in) | $435,786 |
| Administrative expenses paid from the plan | $193,562 |
| Investment advisory & management fees | $39,657 |
| Benefits paid out | $10,757,085 |
| Net assets, start / end of year | $35.9M / $34.6M |
| Active participants, start / end of year | 1,141 / 1,278 |
| Participants with account balances | 1,737 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $132,125 reported compensation |
| Merrill Lynch | $39,657 reported compensation |
| Berman Hopkins Wright & Laham, Cpas | $21,780 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015154505NAL0002688643001, received 2025-10-15, EIN 27-1491488, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.