Loomis, Sayles & Company, L.P. 401(k) Review & Grade
Loomis, Sayles & Company, L.P. Employees' Profit Sharing Retirement Plan
Boston, MAFinance & Insurance781 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$20,742Employer $ per active participant
$14,109Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$647.5MNet plan assets, end of year
$643,609Average balance per account
Score breakdown
- Employer generosity49.5 / 5099th percentile for employer $ per participant
- Low cost23.3 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score93 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 93th |
| Employee saving | 88th |
| Peers that auto-enroll | 62% |
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
Corrective distributions: the plan refunded $2,219 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Loomis, Sayles & Company, L.P. put in about $20,742 per active participant, more than the typical peer ($3,606). 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 | $16,199,582 |
| Participant (employee) contributions | $11,019,112 |
| Other contributions (incl. rollovers in) | $647,725 |
| Administrative expenses paid from the plan | $179,301 |
| Investment advisory & management fees | $24,765 |
| Benefits paid out | $35,043,878 |
| Net assets, start / end of year | $565.1M / $647.5M |
| Active participants, start / end of year | 786 / 776 |
| Participants with account balances | 1,006 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $179,314 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015082255NAL0002016995003, received 2025-10-15, EIN 04-3200030, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.