Rewardstyle, Inc. D/B/A LTK 401(k) Review & Grade
LTK 401(k) Plan
Dallas, TXProfessional, Scientific & Technical Services588 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,738Employer $ per active participant
$9,671Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$33.3MNet plan assets, end of year
$51,997Average balance per account
Score breakdown
- Employer generosity35.8 / 5072th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 26th |
| Employee saving | 56th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($44 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $9,513 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Rewardstyle, Inc. D/B/A LTK put in about $4,738 per active participant, more than the typical peer ($3,082). 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.
- Direct plan expenses (0.45% of assets) are well above similar-size plans (0.23%). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,783,737 |
| Participant (employee) contributions | $5,681,791 |
| Other contributions (incl. rollovers in) | $1,316,862 |
| Administrative expenses paid from the plan | $128,658 |
| Investment advisory & management fees | $57,242 |
| Other admin expenses | $24,370 |
| Benefits paid out | $3,944,066 |
| Net assets, start / end of year | $23.7M / $33.3M |
| Active participants, start / end of year | 588 / 587 |
| Participants with account balances | 640 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Yulishana, Inc |
Largest service providers (Schedule C)
| The Baldwin Group Wealth Advisors | $71,465 reported compensation |
| Fidelity Investments Institutional | $47,046 reported compensation |
| Strategic Advisors, Inc. | $10,147 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002143951NAL0000596193001, received 2025-10-02, EIN 47-3668234, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.