Lgi Homes, Inc. 401(k) Review & Grade
Lgi Homes, Inc. 401(k) Plan
The Woodlands, TXReal Estate & Rental1,056 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,323Employer $ per active participant
$8,426Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$91.0MNet plan assets, end of year
$69,172Average balance per account
Score breakdown
- Employer generosity44.8 / 5090th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 48th |
| Employee saving | 89th |
| Peers that auto-enroll | 47% |
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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 $2,204 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lgi Homes put in about $4,323 per active participant, more than the typical peer ($1,279). 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 | $4,565,262 |
| Participant (employee) contributions | $8,897,849 |
| Other contributions (incl. rollovers in) | $264,337 |
| Administrative expenses paid from the plan | $203,678 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $61,882 |
| Other admin expenses | $119 |
| Benefits paid out | $11,446,174 |
| Net assets, start / end of year | $76.6M / $91.0M |
| Active participants, start / end of year | 937 / 1,175 |
| Participants with account balances | 1,315 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sheffield, Trackwell & Rapp, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $122,077 reported compensation |
| Legacy Asset Management Inc | $40,540 reported compensation |
| Sheffield, Trackwell & Rapp, LLC | $19,600 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916081557NAL0001784769001, received 2025-09-16, EIN 46-3088013, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.