Lucas Oil Products, Inc. 401(k) Review & Grade
Lucas Oil Products, Inc. 401(k) Plan
Indianapolis, INManufacturing514 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,860Employer $ per active participant
$4,288Employee $ saved per active participant
0.45%Direct admin cost, % of plan assets
$33.6MNet plan assets, end of year
$60,058Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost6.6 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 26th |
| Employee saving | 41th |
| 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
- Lucas Oil Products put in about $1,860 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.45% 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 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 | $957,116 |
| Participant (employee) contributions | $2,206,135 |
| Other contributions (incl. rollovers in) | $228,059 |
| Administrative expenses paid from the plan | $143,924 |
| Investment advisory & management fees | $85,454 |
| Benefits paid out | $3,346,972 |
| Net assets, start / end of year | $30.0M / $33.6M |
| Active participants, start / end of year | 549 / 480 |
| Participants with account balances | 559 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Sageview Advisory Group, LLC | $77,038 reported compensation |
| Empower Annuity Insurance Company O | $58,470 reported compensation |
| Sageview Advisory Group, LLC | $17,180 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009145916NAL0006768849001, received 2025-10-09, EIN 33-0364643, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.