Laitram 401(k) match, vesting and fees
What Laitram's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | 2023 Schedule C ↗ |
| Independent auditor | Wegmann Dazet Apc (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 159 defined-contribution plans in management of companies and enterprises with 1,000 to 4,999 participants.
| Laitram: employer contribution per participant | $6,434 | |
| Peer median | $2,554 |
| Laitram: average balance | $199,788 | |
| Peer median | $101,397 |
| Laitram: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.10% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $476M at the end of plan year 2021 to $614M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,578 | $614M | $19.8M | $6,434 | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 3,106 | $516M | $18.8M | $6,098 | 0.03% | Not published | Form 5500 ↗ |
| 2022 | 3,163 | $407M | $17.8M | $5,832 | 0.02% | Not published | Form 5500 ↗ |
| 2021 | 2,942 | $476M | $14.6M | $5,408 | 0.03% | Not published | Form 5500 ↗ |
Common questions
Does Laitram match 401(k) contributions?
The match terms for the The Laitram Employees' Incentive Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $19.8M in employer contributions, about $6,434 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Laitram 401(k) match vested?
The vesting schedule for the The Laitram Employees' Incentive Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Laitram 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Fidelity Investments Institutional. The plan administrator is Laitram LLC.
I left Laitram. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Laitram LLC, (504) 733-6000) or the recordkeeper, Fidelity Investments Institutional. The Laitram old 401(k) page lists the contacts from every plan filing. Find an old Laitram 401(k)
Data from the public Form 5500 annual reports Laitram filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Laitram. Not financial advice. Report a correction · Methodology