LMC Landscape Partners LLC 401(k) Review & Grade
LMC Landscape Partners 401(k) Plan
Plano, TXAdministrative, Support & Staffing Services696 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$790Employer $ per active participant
$1,210Employee $ saved per active participant
1.05%Direct admin cost, % of plan assets
$8.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity27.8 / 5056th percentile for employer $ per participant
- Low cost1.4 / 256th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 6th |
| Employee saving | 38th |
| Peers that auto-enroll | 27% |
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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
- LMC Landscape Partners put in about $790 per active participant, more than the typical peer ($712). 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.
- Direct plan expenses (1.05% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $550,128 |
| Participant (employee) contributions | $842,075 |
| Other contributions (incl. rollovers in) | $139,103 |
| Administrative expenses paid from the plan | $81,108 |
| Contract administrator fees | $58,482 |
| Investment advisory & management fees | $22,626 |
| Benefits paid out | $905,589 |
| Net assets, start / end of year | $7.0M / $8.4M |
| Active participants, start / end of year | 547 / 845 |
| Participants with account balances | 187 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| John Hancock | $59,539 reported compensation |
| Mma Securities LLC | $21,570 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015130637NAL0002455587001, received 2025-10-15, EIN 88-0591861, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.