Retirement plan

THE CONTRACTORS RETIREMENT PLAN

Name: THE LANDTEK GROUP, LLC - THE CONTRACTORS RETIREMENT PLAN (2024) Form 5500
Creator: THE LANDTEK GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE CONTRACTORS RETIREMENT PLAN, THE LANDTEK GROUP, LLC

THE LANDTEK GROUP, LLCEIN 11-2945683Plan #003PY 2024

105 SWEENEYDALE AVE - BAY SHORE, NY 117062210727-946-5501landtekgroup.comLinkedIn201-500 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$15.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.9M

+17.2% from 2023

Total participants

367

-16.0% from 2023

Average account balance

$88,829

+42.7% from 2023

Annual return

12.76%

-3.87 pp from 2023

Benchmarks

See 3,445 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,445 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.89M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

359

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$851

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 2 by compensation

Provider	Service type	Compensation
FRINGE BENEFIT GROUP1 year Service code 13 · EIN 74-2485507	Contract Administrator	$271,558
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$33,989

Plan features & details

Pension benefit codes2A2E2F2G2T3C3D

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.
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.
3C
Plan not intended to be qualified
A plan not intended to be qualified under Code sections 401 403 or 408.
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

1 tripped

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

$306K

$1352 / participant

Contract admin$306K100.0%

% of EOY assets

0.958%

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: GRASSI ADVISORS AND ACCOUNTANTS
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,829

$80,763+10.0%

$102,412-13.3%

$74,459+19.3%

Participation rate

96.5%

65.7%+30.8pp

74.5%+22.0pp

67.2%+29.2pp

Annual return

12.76%

27.57%-14.8pp

24.94%-12.2pp

1369.70%-1356.9pp

Employer contribution / active EE

$18,401

$3,160+482.4%

$3,870+375.5%

$2,626+600.8%

Participant deferral / active EE

$3,862-100.0%

$5,060-100.0%

$4,350-100.0%

Admin fee / account holder

$851

$2,371-64.1%

$8,388-89.9%

$1,945-56.2%

Provider

Service type

Compensation

FRINGE BENEFIT GROUP1 year

Service code 13 · EIN 74-2485507

Contract Administrator

$271,558

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$33,989

THE CONTRACTORS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE CONTRACTORS RETIREMENT 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