Levi, Ray & Shoup, Inc. 401(k) Review & Grade
Levi Ray & Shoup 401k Matching Contribution Plan
Springfield, ILInformation514 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,985Employer $ per active participant
$9,800Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$164.5MNet plan assets, end of year
$302,446Average balance per account
Score breakdown
- Employer generosity40.3 / 5081th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 88th |
| Employee saving | 56th |
| Peers that auto-enroll | 59% |
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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 ($4,153 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
- Levi, Ray & Shoup put in about $4,985 per active participant, more than the typical peer ($2,829). 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 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 | $2,562,506 |
| Participant (employee) contributions | $5,036,979 |
| Other contributions (incl. rollovers in) | $15,741 |
| Administrative expenses paid from the plan | $76,525 |
| Contract administrator fees | $3,840 |
| Investment advisory & management fees | $72,685 |
| Benefits paid out | $12,216,836 |
| Net assets, start / end of year | $148.8M / $164.5M |
| Active participants, start / end of year | 473 / 555 |
| Participants with account balances | 544 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Troxell Financial | $72,685 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250630114721NAL0011754433001, received 2025-06-30, EIN 37-1073724, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.