Filings through Sep 24, 2026.

Retirement plan

S.M. Lorusso & Sons, Inc. 401(k) Plan

Name: S.M. LORUSSO & SONS, INC. - S.M. LORUSSO & SONS, INC. 401(K) PLAN (2024) Form 5500
Creator: S.M. LORUSSO & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S.M. LORUSSO & SONS, INC. 401(K) PLAN, S.M. LORUSSO & SONS, INC.

S.M. Lorusso & Sons, Inc.EIN 04-2078853Plan #001PY 2024

331 WEST ST PO BOX 230 - WALPOLE, MA 02081508-668-2600LinkedIn51-200 employeesbuilding materials

Prospect flagsLow returnsHigh feesCorrective distributionsPossible retail share class: $493KFew collective trustsFund lineup: 19 funds, $24.5M

How to read this page

Total assets (EOY)

$25.5M

+8.7% from 2023

Total participants

178

+7.9% from 2023

Average account balance

$145,892

+1.3% from 2023

Annual return

9.34%

-3.28 pp from 2023

Benchmarks

See 269 peers

Peer group

Industry21 - Mining, Quarrying, and Oil and Gas Extraction

Plan typeDefined contribution

Participants100-249

Cohort269 peers

Snapshot2024

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Analytics

See the 10-year trajectory with Solo.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
TWELVE POINTS WEALTH MANAGEMENT LLC6 years Service code 15 · EIN 46-5061538	Recordkeeping	$40,283
ADP BROKER-DEALER5 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$19,369
ADP BROKER-DEALER10+ years Service code 59 · EIN 22-3319984	Shareholder Servicing	$0

Fund lineup

CSV with Pro

19 funds of $250K or more; 20 lines in all, holding $24.5M of the plan's $25.5M. From the 2024 filing. Recordkeeper: Twelve Points Wealth Management.

In collective trusts0%median 0% for plans of $5M to $50M (34,889 plans)

In index funds55%median 21% for plans of $5M to $50M (34,889 plans)

In the main target-date series36%median 35% for plans of $5M to $50M (34,889 plans)

Employer stockNo

Target-date series: Vanguard Target Retirement, mutual fund, 36% of fund dollars

Fund	Manager	Vehicle	Dollars	% of funds%
Vanguard Target Retirement Vanguard · Mutual fund Target-date, 10 vintages	Vanguard	Mutual fund	$8.9M	36.4%
American Funds Capital World Bond Fun Capital Group · Mutual fund	Capital Group	Mutual fund	$3.6M	14.5%
Vanguard Mid-Cap Index Fund Admiral Shares Vanguard · Mutual fund Index	Vanguard	Mutual fund	$1.9M	7.7%
Vanguard Equity Income Fund Admiral Shares Vanguard · Mutual fund	Vanguard	Mutual fund	$1.7M	6.9%
JPMorgan Large Cap Growth Fund Class R6 JPMorgan · Mutual fund	JPMorgan	Mutual fund	$1.6M	6.6%
Vanguard Small-Cap Index Fund Admiral Shares Vanguard · Mutual fund Index	Vanguard	Mutual fund	$1.6M	6.4%
Fidelity Government Money Market Fund Fidelity (FMR) · Money market	Fidelity (FMR)	Money market	$1.1M	4.3%
Thornburg Invest. Management Thornburg Strategic Income Fund R6 Thornburg · Mutual fund	Thornburg	Mutual fund	$929K	3.8%
DWS Market Trust DWS Rreef Real Assets Fund-Institutional DWS · Mutual fund	DWS	Mutual fund	$733K	3.0%
Nuveen Equity Index Fund Class R6 TIAA (Nuveen) · Mutual fund Index	TIAA (Nuveen)	Mutual fund	$589K	2.4%

See the other 10 lines in this lineup with Solo.

Covers 60,908 large plans that list their funds in their annual filing. Updated Nov 2, 2026. Shares describe these plans, not the whole market.

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$60K

$459 / participant

Recordkeeping$19K32.5%
Investment mgmt$40K67.5%

% of EOY assets

0.234%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: DARMODY MERLINO & CO. LLP
Auditor EIN: 042273266
Audit fees: (not subdivided)
Opinion code: Unqualified

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Provider

Service type

Compensation

TWELVE POINTS WEALTH MANAGEMENT LLC6 years

Service code 15 · EIN 46-5061538

Recordkeeping

$40,283

ADP BROKER-DEALER5 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$19,369

ADP BROKER-DEALER10+ years

Service code 59 · EIN 22-3319984

Shareholder Servicing

Fund

Dollars

% of funds%

Vanguard Target Retirement

Vanguard · Mutual fund

Target-date, 10 vintages

$8.9M

36.4%

American Funds Capital World Bond Fun

Capital Group · Mutual fund

$3.6M

14.5%

Vanguard Mid-Cap Index Fund Admiral Shares

Vanguard · Mutual fund

Index

$1.9M

7.7%

Vanguard Equity Income Fund Admiral Shares

Vanguard · Mutual fund

$1.7M

6.9%

JPMorgan Large Cap Growth Fund Class R6

JPMorgan · Mutual fund

$1.6M

6.6%

Vanguard Small-Cap Index Fund Admiral Shares

Vanguard · Mutual fund

Index

$1.6M

6.4%

Fidelity Government Money Market Fund

Fidelity (FMR) · Money market

$1.1M

4.3%

Thornburg Invest. Management Thornburg Strategic Income Fund R6

Thornburg · Mutual fund

$929K

3.8%

DWS Market Trust DWS Rreef Real Assets Fund-Institutional

DWS · Mutual fund

$733K

3.0%

Nuveen Equity Index Fund Class R6

TIAA (Nuveen) · Mutual fund

Index

$589K

2.4%

S.M. Lorusso & Sons, Inc. 401(k) Plan

Summary metrics

Benchmarksi

Analytics

Service providersi

Fund lineupi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S.M. Lorusso & Sons, Inc. 401(k) Plan

Summary metrics

Benchmarksi

Analytics

Service providersi

Fund lineupi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Fund lineup

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Fund lineup

Opportunity flags

Expense breakdown

Audit opinion