Legacy Maintenance Services 401(k) Review & Grade
Legacy Maintenance Services 401k Plan
Columbus, OHAdministrative, Support & Staffing Services578 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$50Employer $ per active participant
$341Employee $ saved per active participant
$0 reportedDirect admin cost, % of plan assets
$2.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.1 / 5014th percentile for employer $ per participant
- Low cost12.5 / 25No direct expenses reported, scored neutral
- Employee saving2.2 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | neutral |
| Employee saving | 14th |
| Peers that auto-enroll | 27% |
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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
- Legacy Maintenance Services put in about $50 per active participant, below the typical peer ($712). 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.
- The plan reported no administrative expenses paid from plan assets. The employer may pay them, or the costs may be built into fund fees. Check your 404(a)(5) fee disclosure for each fund's expense ratio.
- 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 | $28,621 |
| Participant (employee) contributions | $197,130 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $0 |
| Benefits paid out | $83,893 |
| Net assets, start / end of year | $1.8M / $2.3M |
| Active participants, start / end of year | 556 / 599 |
| Participants with account balances | 70 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250728132827NAL0003483010001, received 2025-07-28, EIN 80-0802808, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.