Retirement plan

L & R DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: L & R DISTRIBUTORS, INC. - L & R DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: L & R DISTRIBUTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L & R DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST, L & R DISTRIBUTORS, INC.

L & R DISTRIBUTORS, INC.EIN 11-1812912Plan #002PY 2024

88 35TH STREET, BUILDING 4, FLOOR 5 - BROOKLYN, NY 11232718-272-2100lrdist.comLinkedIn1001-5000 employeeswholesale

Prospect flagsLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$18.1M

+24.0% from 2023

Total participants

1,927

+14.7% from 2023

Average account balance

$11,035

+4.2% from 2023

Annual return

15.73%

-8.33 pp from 2023

Benchmarks

See 331 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort331 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.05M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

1,636

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.

74.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$113

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
THE VANGUARD GROUP, INC.3 years Service code 15 · EIN 23-1945930	Recordkeeping	$128,358
PRICEWATERHOUSECOOPERS LLP1 year Filed as: PRICE WATERHOUSE COOPERS LLP Service code 10 PO BOX 952282 · DALLAS, TX 753952282	Accounting	$29,895
HARDY REED LLC3 years Service code 27 300 ENTERPRISE DR · OXFORD, MS 38655	Advisory (Plan)	$25,500
PRICEWATERHOUSECOOPERS LLP2 years Filed as: PRICE WATERHOUSE COOPERS LLC Service code 10 PO BOX 7247-8001 · PHILADELPHIA, PA 19170	Accounting	$13,105
LAKISHA BUCKLEY1 year Service code 50 88 35TH ST, BLDG. 4 · BROOKLYN, NY 11232	Direct Payment	$6,502

Plan features & details

Pension benefit codes2S2E3D2G2J2K2F2T

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.

Opportunity flags

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$185K

$161 / participant

Investment mgmt$26K13.8%
Contract admin$116K62.9%
Other / not subdivided$43K23.3%

% of EOY assets

1.022%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICE WATERHOUSE COOPERS
Auditor EIN: 134008324
Audit fees: $43,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,035

$2,703,213-99.6%

$165,100-93.3%

$200,096-94.5%

Participation rate

74.6%

78.4%-3.8pp

78.6%-4.0pp

72.0%+2.6pp

Annual return

15.73%

17.97%-2.2pp

70.21%-54.5pp

34.26%-18.5pp

Employer contribution / active EE

$683

$2,973-77.0%

$4,348-84.3%

$3,038-77.5%

Participant deferral / active EE

$1,784

$5,021-64.5%

$6,035-70.4%

$5,090-65.0%

Admin fee / account holder

$113

$1,999-94.4%

$12,696-99.1%

$269-58.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Service code 15 · EIN 23-1945930

Recordkeeping

$128,358

PRICEWATERHOUSECOOPERS LLP1 year

Filed as: PRICE WATERHOUSE COOPERS LLP

Service code 10

PO BOX 952282 · DALLAS, TX 753952282

Accounting

$29,895

HARDY REED LLC3 years

Service code 27

300 ENTERPRISE DR · OXFORD, MS 38655

Advisory (Plan)

$25,500

PRICEWATERHOUSECOOPERS LLP2 years

Filed as: PRICE WATERHOUSE COOPERS LLC

Service code 10

PO BOX 7247-8001 · PHILADELPHIA, PA 19170

Accounting

$13,105

LAKISHA BUCKLEY1 year

Service code 50

88 35TH ST, BLDG. 4 · BROOKLYN, NY 11232

Direct Payment

$6,502

L & R DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L & R DISTRIBUTORS, INC. 401(K) PROFIT SHARING PLAN AND 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