Louisville Paving Company, Inc. 401(k) Review & Grade
LPX, Inc. & Subsidiaries 401(k) Retirement Savings Plan
Louisville, KYConstruction538 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,213Employer $ per active participant
$3,887Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$35.4MNet plan assets, end of year
$48,553Average balance per account
Score breakdown
- Employer generosity47.0 / 5094th percentile for employer $ per participant
- Low cost7.1 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 28th |
| Employee saving | 49th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($37,842 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Louisville Paving Company put in about $7,213 per active participant, more than the typical peer ($1,672). 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 (0.43% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,880,391 |
| Participant (employee) contributions | $2,091,043 |
| Other contributions (incl. rollovers in) | $523,327 |
| Administrative expenses paid from the plan | $139,473 |
| Contract administrator fees | $91,112 |
| Investment advisory & management fees | $48,361 |
| Benefits paid out | $4,884,014 |
| Net assets, start / end of year | $30.0M / $35.4M |
| Active participants, start / end of year | 494 / 582 |
| Participants with account balances | 730 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions, | $75,463 reported compensation |
| MC Financial Services, Inc. | $30,435 reported compensation |
| Leafhouse Financial Advisors, LLC | $17,925 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725130421NAL0005873601001, received 2025-07-25, EIN 61-1256623, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.