Lemans Corporation 401(k) Review & Grade
Lemans Corporation 401(k) Savings Plan
Janesville, WIWholesale Trade1,012 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,645Employer $ per active participant
$3,915Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$122.3MNet plan assets, end of year
$107,599Average balance per account
Score breakdown
- Employer generosity34.2 / 5068th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 52th |
| Employee saving | 38th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($28,053 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Lemans put in about $2,645 per active participant, more than the typical peer ($1,792). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,676,337 |
| Participant (employee) contributions | $3,962,471 |
| Other contributions (incl. rollovers in) | $174,749 |
| Administrative expenses paid from the plan | $261,909 |
| Investment advisory & management fees | $126,770 |
| Other admin expenses | $300 |
| Benefits paid out | $16,831,494 |
| Net assets, start / end of year | $120.6M / $122.3M |
| Active participants, start / end of year | 1,045 / 979 |
| Participants with account balances | 1,137 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Vrakas S.C. |
Largest service providers (Schedule C)
| Robert W Baird & Co Incorporated | $126,770 reported compensation |
| Empower Annuity Insurance Company O | $119,639 reported compensation |
| Vrakas SC | $15,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260714112839NAL0001986546001, received 2026-07-14, EIN 39-1127445, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.