Retirement plan

LEVINSOHN TEXTILE CO., INC. 401(K) PLAN

Name: LEVINSOHN TEXTILE CO., INC. - LEVINSOHN TEXTILE CO., INC. 401(K) PLAN (2023) Form 5500
Creator: LEVINSOHN TEXTILE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEVINSOHN TEXTILE CO., INC. 401(K) PLAN, LEVINSOHN TEXTILE CO., INC.

LEVINSOHN TEXTILE CO., INC.EIN 13-1944162Plan #004PY 2023

230 FIFTH AVENUE, SUITE 1000 - NEW YORK, NY 10001212-685-1440LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.2M

+12.7% from 2022

Total participants

+5.6% from 2022

Average account balance

$175,712

-6.1% from 2022

Annual return

11.67%

+21.92 pp from 2022

Benchmarks

See 4,366 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort4,366 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.17M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$254K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+7.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26688

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 codes2E2F2G2J3D

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.
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

$232K

$14505 / participant

Other / not subdivided$232K100.0%

% of EOY assets

7.338%

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

$175,712

$95,580+83.8%

$76,872+128.6%

$139,466+26.0%

Participation rate

93.8%

74.0%+19.8pp

69.6%+24.2pp

80.3%+13.4pp

Annual return

11.67%

55.00%-43.3pp

37.90%-26.2pp

373.66%-362.0pp

Employer contribution / active EE

$3,837

$3,145+22.0%

$2,533+51.5%

$4,754-19.3%

Participant deferral / active EE

$12,412

$4,623+168.5%

$3,832+223.9%

$6,712+84.9%

Admin fee / account holder

$12,893

$8,302+55.3%

$5,476+135.4%

$11,409+13.0%

LEVINSOHN TEXTILE CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEVINSOHN TEXTILE CO., INC. 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