Lewis Brothers Bakeries, Inc. 401(k) Review & Grade
Lewis Brothers Bakeries, Inc. Savings Plan
Evansville, INManufacturing1,178 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$337Employer $ per active participant
$1,148Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$28.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.1 / 504th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 40th |
| Employee saving | 4th |
| Peers that auto-enroll | 59% |
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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
- Lewis Brothers Bakeries put in about $337 per active participant, below the typical peer ($2,320). 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.
- 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.
- 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 | $396,959 |
| Participant (employee) contributions | $1,352,520 |
| Other contributions (incl. rollovers in) | $398,474 |
| Administrative expenses paid from the plan | $84,369 |
| Contract administrator fees | $82,969 |
| Other admin expenses | $1,400 |
| Benefits paid out | $3,875,785 |
| Net assets, start / end of year | $26.5M / $28.7M |
| Active participants, start / end of year | 1,143 / 1,214 |
| Participants with account balances | 273 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Atlas Cpas and Advisors PLLC |
Largest service providers (Schedule C)
| Cbiz Investment Advisory Service | $47,494 reported compensation |
| Cbiz Benefits & Insurance Services | $13,511 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144306NAL0004276032001, received 2025-10-14, EIN 37-0636783, plan #021, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.