Lower LLC 401(k) Retirement Plan
Lower, LLC000000000, Columbia MD. Employer ID 463689142, plan number 001. Annual reports on file for 2014 to 2025.
Where the money went
Plans that moved money into this one:
- 2024: money from Thrive Mortgage 401(k) Plan moved in.
- Filed 2014-2025Lower LLC 401(k) Retirement Plan, Lower, LLC000000000
- TodayLower LLC 401(k) Retirement Plan still files. Principal Life Insurance Company keeps the records. That is where to ask.
Records are kept by Principal Life Insurance Company, per the 2025 filing.
Left in 2022, 2023? Worth asking about employer money
- In plan year 2022, active participants fell from 1,401 to 1,026 (27%), and 793 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
- In plan year 2023, active participants fell from 1,026 to 726 (29%), and 392 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.
Events in the filings
No unusual events.
People in the plan
"Left, still in the plan" counts people who left the employer but still have a benefit in the plan, as reported by the plan.
| Plan year | Participants | Left, still in the plan | Source |
|---|---|---|---|
| 2014 | 127 | — | Filing |
| 2015 | 233 | 5 | Filing |
| 2016 | 315 | 13 | Filing |
| 2017 | 379 | 7 | Filing |
| 2018 | 387 | 24 | Filing |
| 2019 | 525 | 43 | Filing |
| 2020 | 871 | 52 | Filing |
| 2021 | 1,524 | 123 | Filing |
| 2022 | 1,313 | 287 | Filing |
| 2023 | 1,538 | 812 | Filing |
| 2024 | 1,359 | 378 | Filing |
| 2025 | 1,426 | 315 | Filing |
Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.