Retirement plan

LUCAS TREE 401(K) PLAN

Name: JOHN LUCAS TREE EXPERT CO. - LUCAS TREE 401(K) PLAN (2024) Form 5500
Creator: JOHN LUCAS TREE EXPERT CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUCAS TREE 401(K) PLAN, JOHN LUCAS TREE EXPERT CO.

JOHN LUCAS TREE EXPERT CO.EIN 01-0110890Plan #001PY 2024

12 NORTHBROOK DRIVE - FALMOUTH, ME 04105207-797-7294

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$16.6M

+11.2% from 2023

Total participants

363

+2.3% from 2023

Average account balance

$77,474

+12.8% from 2023

Annual return

11.02%

-5.50 pp from 2023

Benchmarks

See 270 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort270 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$16.58M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$77K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

214

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

52.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.02%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$155

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK10+ years Service code 27 · EIN 04-2675571 29 SAWYER RD · WALTHAM, MA 02154	Advisory (Plan)	$46,838
BAKER NEWMAN NOYES9 years Filed as: BAKER NEWMAN & NOYES LLC Service code 10 PO BOX 507 · PORTLAND, ME 041125057	Accounting	$12,000
SHERIDAN ROAD ADVISORS LLC6 years Filed as: HUB INTERNATIONAL NEW ENGLAND Service code 13 300 BALLARDVALE STREET · WILMINGTON, MA 01887	Contract Administrator	$10,720
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$33K

$106 / participant

Other / not subdivided$33K100.0%

% of EOY assets

0.200%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER NEWMAN & NOYES
Auditor EIN: 010494526
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,474

$73,149+5.9%

$120,580-35.7%

$77,762-0.4%

Participation rate

52.4%

55.2%-2.8pp

72.0%-19.6pp

70.6%-18.2pp

Annual return

11.02%

18.24%-7.2pp

107.48%-96.5pp

31.27%-20.3pp

Employer contribution / active EE

$1,660

$1,793-7.4%

$3,469-52.1%

$2,728-39.1%

Participant deferral / active EE

$2,787

$3,006-7.3%

$4,995-44.2%

$4,651-40.1%

Admin fee / account holder

$155

$660-76.5%

$9,418-98.4%

$433-64.2%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK10+ years

Service code 27 · EIN 04-2675571

29 SAWYER RD · WALTHAM, MA 02154

Advisory (Plan)

$46,838

BAKER NEWMAN NOYES9 years

Filed as: BAKER NEWMAN & NOYES LLC

Service code 10

PO BOX 507 · PORTLAND, ME 041125057

Accounting

$12,000

SHERIDAN ROAD ADVISORS LLC6 years

Filed as: HUB INTERNATIONAL NEW ENGLAND

Service code 13

300 BALLARDVALE STREET · WILMINGTON, MA 01887

Contract Administrator

$10,720

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

LUCAS TREE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUCAS TREE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion