L & S Plumbing Partnership, LTD. DBA L & S Mechanical 401(k) Review & Grade
L & S Plumbing Partnership, LTD. Employees 401(k) Plan
Richardson, TXConstruction573 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,574Employer $ per active participant
$1,924Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$16.5MNet plan assets, end of year
$26,218Average balance per account
Score breakdown
- Employer generosity23.5 / 5047th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 52th |
| Employee saving | 21th |
| Peers that auto-enroll | 44% |
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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 ($91,047 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $14,282 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- L & S Plumbing Partnership, LTD. DBA L & S Mechanical put in about $1,574 per active participant, below the typical peer ($1,672). 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.
- 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.
- 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 | $902,070 |
| Participant (employee) contributions | $1,102,647 |
| Other contributions (incl. rollovers in) | $106,196 |
| Administrative expenses paid from the plan | $33,044 |
| Contract administrator fees | $28,539 |
| Investment advisory & management fees | $3,155 |
| Other admin expenses | $1,350 |
| Benefits paid out | $2,128,722 |
| Net assets, start / end of year | $14.7M / $16.5M |
| Active participants, start / end of year | 554 / 592 |
| Participants with account balances | 631 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Nova 401(k) Associates | $7,414 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150004NAL0002622147002, received 2025-10-15, EIN 75-2512717, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.