Lacework, Inc. 401(k) Review & Grade
Lacework, Inc. Retirement Savings Plan
Mountain View, CAProfessional, Scientific & Technical Services564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$710Employer $ per active participant
$11,585Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$634,508Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.2 / 5016th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 44th |
| Employee saving | 71th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
Corrective distributions: the plan refunded $69,597 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lacework put in about $710 per active participant, below the typical peer ($3,082). 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.
- 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 | $400,275 |
| Participant (employee) contributions | $6,533,828 |
| Other contributions (incl. rollovers in) | $1,161,955 |
| Administrative expenses paid from the plan | $77,363 |
| Investment advisory & management fees | $19,222 |
| Benefits paid out | $72,795,803 |
| Net assets, start / end of year | $56.7M / $634,508 |
| Active participants, start / end of year | 564 / 0 |
| Participants with account balances | 4 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Silicon Valley Accountancy Corporat |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $36,745 reported compensation |
| Silicon Valley Accountancy Corp., | $22,680 reported compensation |
| Strategic Advisors, Inc. | $19,222 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151127NAL0002643603001, received 2025-10-15, EIN 47-2042554, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.