Lereta, LLC 401(k) Review & Grade
Lereta, LLC 401(k) Plan
Pomona, CAReal Estate & Rental648 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,487Employer $ per active participant
$4,583Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$34.7MNet plan assets, end of year
$55,157Average balance per account
Score breakdown
- Employer generosity27.6 / 5055th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 14th |
| Employee saving | 62th |
| Peers that auto-enroll | 47% |
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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
- Lereta put in about $1,487 per active participant, more than the typical peer ($1,279). 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 (0.67% 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 | $962,798 |
| Participant (employee) contributions | $2,967,804 |
| Other contributions (incl. rollovers in) | $278,170 |
| Administrative expenses paid from the plan | $222,146 |
| Benefits paid out | $5,132,570 |
| Net assets, start / end of year | $32.0M / $34.7M |
| Active participants, start / end of year | 701 / 594 |
| Participants with account balances | 629 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $222,146 reported compensation |
| Actuarial Benefits Corp | $35,270 reported compensation |
| Ubs Financial Services Inc | $20,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250521140311NAL0001978833001, received 2025-05-21, EIN 27-0800873, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.