Retirement plan

LABOR FIRST, LLC 401(K) PLAN

Name: LABOR FIRST, LLC - LABOR FIRST, LLC 401(K) PLAN (2024) Form 5500
Creator: LABOR FIRST, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LABOR FIRST, LLC 401(K) PLAN, LABOR FIRST, LLC

LABOR FIRST, LLCEIN 06-1750191Plan #001PY 2024

1000 MIDLANTIC DRIVE, SUITE 100 - MT. LAUREL, NJ 08054856-340-4587

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.2M

+31.5% from 2023

Total participants

220

+4.3% from 2023

Average account balance

$38,335

+26.0% from 2023

Annual return

21.97%

-9.65 pp from 2023

Benchmarks

See 2,173 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,173 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.24M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

215

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+21.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$285

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$54,949
AURORA PRIVATE WEALTH INC2 years Filed as: AURORA PRIVATE WEALTH, INC. Service code 27 · EIN 47-4814591	Advisory (Plan)	$17,007
ABG PORTFOLIO STRATEGIES, INC.1 year Filed as: ALERA INVESTMENT ADVISORS, LLC Service code 27	Advisory (Plan)	$12,187
ORENDA RETIREMENT, LLC1 year Filed as: ORENDA RETIREMENT LLC Service code 13 · EIN 36-4877979	Contract Administrator	$8,641
ABG PORTFOLIO STRATEGIES, INC.1 year Filed as: ALERA INVESTMENT ADVISORS LLC Service code 27 · EIN 82-1301701	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2J2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$61K

$296 / participant

Contract admin$61K100.0%

% of EOY assets

0.743%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,335

$122,063-68.6%

$184,256-79.2%

$74,478-48.5%

Participation rate

97.6%

85.5%+12.1pp

86.8%+10.8pp

67.2%+30.4pp

Annual return

21.97%

19.92%+2.1pp

28.85%-6.9pp

1370.56%-1348.6pp

Employer contribution / active EE

$3,005

$4,539-33.8%

$6,427-53.2%

$2,626+14.4%

Participant deferral / active EE

$5,778

$7,144-19.1%

$9,133-36.7%

$4,350+32.8%

Admin fee / account holder

$285

$1,253-77.3%

$13,899-98.0%

$1,946-85.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$54,949

AURORA PRIVATE WEALTH INC2 years

Filed as: AURORA PRIVATE WEALTH, INC.

Service code 27 · EIN 47-4814591

Advisory (Plan)

$17,007

ABG PORTFOLIO STRATEGIES, INC.1 year

Filed as: ALERA INVESTMENT ADVISORS, LLC

Service code 27

Advisory (Plan)

$12,187

ORENDA RETIREMENT, LLC1 year

Filed as: ORENDA RETIREMENT LLC

Service code 13 · EIN 36-4877979

Contract Administrator

$8,641

ABG PORTFOLIO STRATEGIES, INC.1 year

Filed as: ALERA INVESTMENT ADVISORS LLC

Service code 27 · EIN 82-1301701

Advisory (Plan)

LABOR FIRST, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LABOR FIRST, LLC 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