US LBM, LLC 401(k) Review & Grade
US LBM Holdings, LLC 401(k) Plan
Atlanta, GAWholesale Trade13,215 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,096Employer $ per active participant
$3,930Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$620.4MNet plan assets, end of year
$36,211Average balance per account
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 20th |
| Employee saving | 32th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $88,669 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- US LBM put in about $1,096 per active participant, below the typical peer ($2,420). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.19% of assets) are well above similar-size plans (0.09%). 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 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 | $14,478,481 |
| Participant (employee) contributions | $51,932,605 |
| Other contributions (incl. rollovers in) | $9,119,292 |
| Administrative expenses paid from the plan | $1,078,081 |
| Benefits paid out | $74,637,483 |
| Net assets, start / end of year | $544.5M / $620.4M |
| Active participants, start / end of year | 13,176 / 13,254 |
| Participants with account balances | 17,132 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions, | $978,182 reported compensation |
| Retirement Management Services, LLC | $73,920 reported compensation |
| Captrust Financial Advisors | $73,875 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929135052NAL0017965570002, received 2025-09-29, EIN 88-3219071, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.