Lmi Consulting LLC 401(k) Review & Grade
Lmi 401(k) Plan
Tysons, VAProfessional, Scientific & Technical Services2,560 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,984Employer $ per active participant
$11,140Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$448.7MNet plan assets, end of year
$126,638Average balance per account
Score breakdown
- Employer generosity42.6 / 5085th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 65th |
| Employee saving | 63th |
| 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
- Lmi Consulting put in about $6,984 per active participant, more than the typical peer ($2,951). 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.
- 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 | $17,874,857 |
| Participant (employee) contributions | $28,512,841 |
| Other contributions (incl. rollovers in) | $9,470,515 |
| Administrative expenses paid from the plan | $320,057 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $125,081 |
| Benefits paid out | $34,407,098 |
| Net assets, start / end of year | $373.5M / $448.7M |
| Active participants, start / end of year | 2,464 / 2,655 |
| Participants with account balances | 3,543 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fid Inv Inst Ops Co | $160,809 reported compensation |
| Mercer Investments LLC | $70,000 reported compensation |
| Strategic Advisors, Inc. | $55,081 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250623192017NAL0003889603001, received 2025-06-23, EIN 84-4249629, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.