Lmi Consulting 401(k) match, vesting and fees
What Lmi Consulting's 401(k) plan says about matching contributions
The Company contributes matching contributions equal to 100% of the first 3% percent of each employee’s contributed elective deferrals, up to 3% of employee’s compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | 2024 audit report, p. 33 ↗ |
| Match vesting | Participants are immediately vested in their contributions plus actual earnings thereon. Participants are immediately vested in the Company’s matching contribution and nonelective contribution portions of their accounts plus actual earnings thereon. | 2024 audit report, p. 34 ↗ |
| Automatic enrollment | The Plan has an automatic enrollment provision applicable to eligible employees of the Plan unless employees affirmatively elect otherwise. | 2024 audit report, p. 33 ↗ |
| Roth contributions | Participant salary deferrals may be traditional (pretax) or Roth (after-tax) compensation. | 2024 audit report, p. 33 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The loans are secured by the balance in the participant’s account and bear interest at rates which are commensurate with local prevailing rates as determined by the Plan administrator. At December 31, 2024, outstanding loans bore interest rates of 4.25% - 9.5%. | 2024 audit report, p. 34 ↗ |
| Recordkeeper | Fid Inv Inst Ops Co | 2025 Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | 2025 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2025 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2024 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2025 filing.
How the plan compares
Plan year 2025 medians for 266 defined-contribution plans in professional, scientific, and technical services with 1,000 to 4,999 participants.
| Lmi Consulting: employer contribution per participant | $5,254 | |
| Peer median | $2,664 |
| Lmi Consulting: average balance | $148,980 | |
| Peer median | $119,448 |
| Lmi Consulting: admin expenses ÷ assets | 0.07% | |
| Peer median | 0.09% |
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 $341M at the end of plan year 2021 to $525M at the end of plan year 2025.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2025 | 3,674 | $525M | $18.5M | $5,254 | 0.07% | Not published | Form 5500 ↗ |
| 2024 | 3,703 | $449M | $17.9M | $5,045 | 0.08% | Quoted in the audit report, p. 33 ↗ | Form 5500 ↗ |
| 2023 | 3,465 | $373M | $15.6M | $4,609 | 0.08% | Not published | Form 5500 ↗ |
| 2022 | 3,120 | $294M | $13.3M | $4,472 | 0.08% | Not published | Form 5500 ↗ |
| 2021 | 2,670 | $341M | $11.4M | $4,287 | 0.06% | Not published | Form 5500 ↗ |
Common questions
Does Lmi Consulting match 401(k) contributions?
The audit report attached to the Lmi 401(k) Plan's plan year 2024 Form 5500, page 33 says: “The Company contributes matching contributions equal to 100% of the first 3% percent of each employee’s contributed elective deferrals, up to 3% of employee’s compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Lmi Consulting 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 34 says: “Participants are immediately vested in their contributions plus actual earnings thereon. Participants are immediately vested in the Company’s matching contribution and nonelective contribution portions of their accounts plus actual earnings thereon.”
Who manages the Lmi Consulting 401(k)?
The recordkeeper listed on Schedule C of the plan year 2025 filing is Fid Inv Inst Ops Co. The plan administrator is Lmi Consulting LLC.
I left Lmi Consulting. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Lmi Consulting LLC, (703) 917-9800) or the recordkeeper, Fid Inv Inst Ops Co. The Lmi Consulting old 401(k) page lists the contacts from every plan filing. Find an old Lmi Consulting 401(k)
Data from the public Form 5500 annual reports Lmi Consulting filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024 and 2025) 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 Lmi Consulting. Not financial advice. Report a correction · Methodology