Refinitiv US LLC 401(k) Review & Grade
Lsegh, Inc. 401(k) Plan
New York, NYInformation2,447 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,612Employer $ per active participant
$14,891Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$269,618Average balance per account
Score breakdown
- Employer generosity46.0 / 5092th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 86th |
| Employee saving | 85th |
| Peers that auto-enroll | 59% |
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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 ($4,601,374 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $97,032 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Refinitiv US put in about $6,612 per active participant, more than the typical peer ($2,829). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $16,179,544 |
| Participant (employee) contributions | $36,437,684 |
| Other contributions (incl. rollovers in) | $2,556,678 |
| Administrative expenses paid from the plan | $575,185 |
| Investment advisory & management fees | $427,769 |
| Benefits paid out | $100,233,105 |
| Net assets, start / end of year | $1.0B / $1.1B |
| Active participants, start / end of year | 2,562 / 2,332 |
| Participants with account balances | 4,132 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Voya Retirement Advisors, LLC | $427,769 reported compensation |
| Voya Institutional Plan Services | $147,416 reported compensation |
| Ssga | $5,842 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251125165408NAL0003494801001, received 2025-11-25, EIN 20-4530702, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.