Lummus Technology LLC 401(k) Review & Grade
Lummus Technology Savings Plan
Bloomfield, NJAgriculture, Forestry, Fishing & Hunting536 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,341Employer $ per active participant
$16,177Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$112.7MNet plan assets, end of year
$185,351Average balance per account
Score breakdown
- Employer generosity49.6 / 5099th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score98 / 100 · Grade A
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 93th |
| Employee saving | 100th |
| Peers that auto-enroll | 36% |
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
- Lummus Technology put in about $9,341 per active participant, more than the typical peer ($774). 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 | $5,011,489 |
| Participant (employee) contributions | $8,679,057 |
| Other contributions (incl. rollovers in) | $3,202,798 |
| Administrative expenses paid from the plan | $30,502 |
| Contract administrator fees | $7,187 |
| Benefits paid out | $8,461,632 |
| Net assets, start / end of year | $91.0M / $112.7M |
| Active participants, start / end of year | 540 / 533 |
| Participants with account balances | 608 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver & Tidwell LLP |
Largest service providers (Schedule C)
| T. Rowe Price RPS, Inc. | $30,502 reported compensation |
| JP Morgan Funds | $0 reported compensation |
| American Funds | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014201428NAL0007366274001, received 2025-10-14, EIN 13-0989425, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.