By Light Professional IT Services LLC 401(k) Review & Grade
By Light Professional IT Services LLC 401(k) Plan
Mclean, VAProfessional, Scientific & Technical Services1,500 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,614Employer $ per active participant
$8,779Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$214.5MNet plan assets, end of year
$105,907Average balance per account
Score breakdown
- Employer generosity29.6 / 5059th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 79th |
| Employee saving | 47th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $15,001 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- By Light Professional IT Services put in about $3,614 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.
- 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 | $5,418,745 |
| Participant (employee) contributions | $13,163,426 |
| Other contributions (incl. rollovers in) | $1,536,403 |
| Administrative expenses paid from the plan | $166,289 |
| Investment advisory & management fees | $36,851 |
| Benefits paid out | $30,555,272 |
| Net assets, start / end of year | $198.0M / $214.5M |
| Active participants, start / end of year | 1,369 / 1,630 |
| Participants with account balances | 2,025 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Regan, Schickner, & Harper LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $129,438 reported compensation |
| Strategic Advisors, Inc. | $36,851 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003152605NAL0000941043001, received 2025-10-03, EIN 74-3068812, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.