Lyons Magnus, LLC 401(k) Review & Grade
Lyons Magnus Employees' Retirement Savings Plan · d/b/a Lyons Magnus
Fresno, CAWholesale Trade984 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,557Employer $ per active participant
$3,874Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$54.0MNet plan assets, end of year
$52,303Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 24th |
| Employee saving | 37th |
| Peers that auto-enroll | 53% |
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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 ($113 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
- Lyons Magnus put in about $1,557 per active participant, below the typical peer ($1,792). 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 (0.49% 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.
- 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 | $1,530,869 |
| Participant (employee) contributions | $3,809,764 |
| Other contributions (incl. rollovers in) | $473,142 |
| Administrative expenses paid from the plan | $251,687 |
| Investment advisory & management fees | $44,821 |
| Other admin expenses | $1,690 |
| Benefits paid out | $7,953,019 |
| Net assets, start / end of year | $49.6M / $54.0M |
| Active participants, start / end of year | 1,069 / 898 |
| Participants with account balances | 1,033 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Yulishana, Inc. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co of Ame | $205,176 reported compensation |
| Carlson, Quinn & Associates | $40,777 reported compensation |
| Sageview Advisory Group, LLC | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010160545NAL0004776867001, received 2025-10-10, EIN 82-2966358, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.