Luxor LLC 401(k) Review & Grade
Luxor LLC 401(k) Plan
Howell, NJHealth Care & Social Assistance546 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$4Employer $ per active participant
$45Employee $ saved per active participant
2.11%Direct admin cost, % of plan assets
$107,305Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost0.3 / 251th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 1th |
| Employee saving | 1th |
| Peers that auto-enroll | 36% |
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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
- Luxor put in about $4 per active participant, below the typical peer ($976). 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 (2.11% 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 | $2,434 |
| Participant (employee) contributions | $24,344 |
| Other contributions (incl. rollovers in) | $61,961 |
| Administrative expenses paid from the plan | $1,793 |
| Benefits paid out | $46,764 |
| Net assets, start / end of year | $62,968 / $107,305 |
| Active participants, start / end of year | 283 / 808 |
| Participants with account balances | 18 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250929143306NAL0010978017001, received 2025-09-29, EIN 87-3573173, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.