Retirement plan

L. C. WHITFORD CO., INC. 401(K) PLAN

Name: L. C. WHITFORD CO., INC. - L. C. WHITFORD CO., INC. 401(K) PLAN (2024) Form 5500
Creator: L. C. WHITFORD CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L. C. WHITFORD CO., INC. 401(K) PLAN, L. C. WHITFORD CO., INC.

L. C. WHITFORD CO., INC.EIN 16-0789973Plan #004PY 2024

164 NORTH MAIN STREET - WELLSVILLE, NY 148951152585-593-3601lcwhitford.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.3M

+7.5% from 2023

Total participants

237

+13.4% from 2023

Average account balance

$51,937

-17.0% from 2023

Annual return

12.79%

-2.81 pp from 2023

Benchmarks

See 3,450 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,450 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.31M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

237

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

$898K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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 3 by compensation

Provider	Service type	Compensation
FRONTIER CAPITAL MANAGEMENT3 years Filed as: FRONTIER FINANCIAL GROUP, LLC Service code 27 P.O. BOX 1435 · WELLSVILLE, NY 14895	Advisory (Plan)	$33,526
PROFESSIONAL CAPITAL SERVICES, LLC7 years Service code 12 · EIN 23-3038464	Consulting (pension); Copying and dup...	$30,360
LEVEL FINANCIAL ADVISORS, INC.5 years Service code 28 · EIN 16-1140261	Investment Management	$11,175

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$75K

$504 / participant

Investment mgmt$45K59.6%
Contract admin$30K40.4%

% of EOY assets

0.610%

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: PROTO & LOSKEY, LLC
Auditor EIN: 204042890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,937

$80,731-35.7%

$103,374-49.8%

$74,546-30.3%

Participation rate

100.0%

65.7%+34.3pp

74.5%+25.5pp

67.2%+32.8pp

Annual return

12.79%

27.56%-14.8pp

24.89%-12.1pp

1366.03%-1353.2pp

Employer contribution / active EE

$2,880

$3,158-8.8%

$3,869-25.6%

$2,624+9.7%

Participant deferral / active EE

$3,149

$3,860-18.4%

$5,058-37.7%

$4,347-27.6%

Admin fee / account holder

$317

$2,369-86.6%

$8,394-96.2%

$1,944-83.7%

Provider

Service type

Compensation

FRONTIER CAPITAL MANAGEMENT3 years

Filed as: FRONTIER FINANCIAL GROUP, LLC

Service code 27

P.O. BOX 1435 · WELLSVILLE, NY 14895

Advisory (Plan)

$33,526

PROFESSIONAL CAPITAL SERVICES, LLC7 years

Service code 12 · EIN 23-3038464

Consulting (pension); Copying and dup...

$30,360

LEVEL FINANCIAL ADVISORS, INC.5 years

Service code 28 · EIN 16-1140261

Investment Management

$11,175

L. C. WHITFORD CO., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L. C. WHITFORD 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