Local Initiatives Support Corporation 401(k) Review & Grade
Local Initiatives Support Corporation 401(k) Plan
New York, NYOther Services560 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,288Employer $ per active participant
$7,997Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$77.7MNet plan assets, end of year
$97,942Average balance per account
Score breakdown
- Employer generosity25.8 / 5052th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 73th |
| Employee saving | 89th |
| Peers that auto-enroll | 40% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Local Initiatives Support put in about $1,288 per active participant, more than the typical peer ($1,257). 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.
- 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 | $721,852 |
| Participant (employee) contributions | $4,482,357 |
| Other contributions (incl. rollovers in) | $704,798 |
| Administrative expenses paid from the plan | $73,856 |
| Other admin expenses | $73,856 |
| Benefits paid out | $4,899,837 |
| Net assets, start / end of year | $66.7M / $77.7M |
| Active participants, start / end of year | 568 / 553 |
| Participants with account balances | 793 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $74,631 reported compensation |
| Axa Equitable Life Insurance Co | $316 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916133150NAL0004422146001, received 2025-09-16, EIN 13-3030229, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.