Lanco International, Inc. 401(k) Review & Grade
Lanco International, Inc. Employees' 401(k) Retirement Savings Program
Hazel Crest, ILManufacturing702 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,436Employer $ per active participant
$5,995Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$117.1MNet plan assets, end of year
$120,980Average balance per account
Score breakdown
- Employer generosity39.5 / 5079th percentile for employer $ per participant
- Low cost23.0 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 92th |
| Employee saving | 63th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lanco International put in about $4,436 per active participant, more than the typical peer ($2,320). 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.
- 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 | $3,116,600 |
| Participant (employee) contributions | $4,211,754 |
| Other contributions (incl. rollovers in) | $270,095 |
| Administrative expenses paid from the plan | $38,744 |
| Investment advisory & management fees | $12,838 |
| Benefits paid out | $13,222,985 |
| Net assets, start / end of year | $108.5M / $117.1M |
| Active participants, start / end of year | 692 / 713 |
| Participants with account balances | 968 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $25,906 reported compensation |
| Empower Advisory Group, LLC | $12,838 reported compensation |
| William,,mcgarigle | $4,998 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010112406NAL0017783282001, received 2025-10-10, EIN 36-2608826, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.