Lewis Tree Service, Inc. 401(k) Review & Grade
North Coast Holdings Save Money and Reduce Taxes (smart) Plan
West Henrietta, NYAgriculture, Forestry, Fishing & Hunting3,178 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$252Employer $ per active participant
$3,150Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$69.9MNet plan assets, end of year
$22,149Average balance per account
Score breakdown
- Employer generosity7.5 / 5015th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 13th |
| Employee saving | 34th |
| Peers that auto-enroll | 52% |
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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 Tree Service put in about $252 per active participant, below the typical peer ($2,062). 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.
- Direct plan expenses (0.48% of assets) are well above similar-size plans (0.12%). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $801,933 |
| Participant (employee) contributions | $10,012,445 |
| Other contributions (incl. rollovers in) | $3,054,436 |
| Administrative expenses paid from the plan | $316,331 |
| Contract administrator fees | $316,331 |
| Benefits paid out | $11,805,988 |
| Net assets, start / end of year | $60.6M / $69.9M |
| Active participants, start / end of year | 3,238 / 3,119 |
| Participants with account balances | 3,155 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bonadio & Co., LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $316,330 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930132721NAL0014942896001, received 2025-09-30, EIN 16-1004851, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.