Retirement plan

LAWRENCE V SWEET PLUMBING & 401(K) PROFIT SHARING PLAN & TRUST

Name: LAWRENCE V SWEET PLUMBING & - LAWRENCE V SWEET PLUMBING & 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: LAWRENCE V SWEET PLUMBING &
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAWRENCE V SWEET PLUMBING & 401(K) PROFIT SHARING PLAN & TRUST, LAWRENCE V SWEET PLUMBING &

LAWRENCE V SWEET PLUMBING &EIN 04-2658172Plan #001PY 2024

48 WOBURN ST - LEXINGTON, MA 024202222781-862-1387

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$871K

+25.1% from 2023

Total participants

+14.3% from 2023

Average account balance

$124,379

+25.1% from 2023

Annual return

25.15%

-1.10 pp from 2023

Benchmarks

See 54,805 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,805 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$871K

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$27K

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

+25.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4015

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$28K

$4015 / participant

Other / not subdivided$28K100.0%

% of EOY assets

3.228%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,379

$110,379+12.7%

$102,412+21.4%

$145,884-14.7%

Participation rate

85.7%

77.9%+7.8pp

74.5%+11.2pp

80.3%+5.4pp

Annual return

25.15%

24.84%+0.3pp

24.94%+0.2pp

551.85%-526.7pp

Employer contribution / active EE

$2,948

$4,216-30.1%

$3,870-23.8%

$4,662-36.8%

Participant deferral / active EE

$970

$5,622-82.8%

$5,060-80.8%

$6,690-85.5%

Admin fee / account holder

$4,015

$9,745-58.8%

$8,388-52.1%

$13,392-70.0%

LAWRENCE V SWEET PLUMBING & 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAWRENCE V SWEET PLUMBING & 401(K) PROFIT SHARING PLAN & TRUST

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