Liberty Lift Solutions LLC 401(k) Review & Grade
Liberty Lift Solutions, LLC 401(k) Plan
Houston, TXOther Services572 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,394Employer $ per active participant
$5,511Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$22.7MNet plan assets, end of year
$40,591Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 46th |
| Employee saving | 79th |
| Peers that auto-enroll | 40% |
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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
- Liberty Lift Solutions put in about $3,394 per active participant, more than the typical peer ($1,257). 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 | $1,942,977 |
| Participant (employee) contributions | $3,154,795 |
| Other contributions (incl. rollovers in) | $382,717 |
| Administrative expenses paid from the plan | $51,125 |
| Other admin expenses | $51,125 |
| Benefits paid out | $1,795,976 |
| Net assets, start / end of year | $16.8M / $22.7M |
| Active participants, start / end of year | 477 / 668 |
| Participants with account balances | 560 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| T. Rowe Price RPS, Inc. | $51,125 reported compensation |
| American Funds | $0 reported compensation |
| Pimco Funds | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130730NAL0001429539001, received 2025-10-14, EIN 46-1386383, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.