Retirement plan

R.L. LIPTON DISTRIBUTING OF YOUNGSTOWN, LLC TEAMSTERS RETIREMENT PLAN

Name: R. L. LIPTON DISTRIBUTING OF YOUNGSTOWN, LLC - R.L. LIPTON DISTRIBUTING OF YOUNGSTOWN, LLC TEAMSTERS RETIREMENT PLAN (2024) Form 5500
Creator: R. L. LIPTON DISTRIBUTING OF YOUNGSTOWN, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R.L. LIPTON DISTRIBUTING OF YOUNGSTOWN, LLC TEAMSTERS RETIREMENT PLAN, R. L. LIPTON DISTRIBUTING OF YOUNGSTOWN, LLC

R. L. LIPTON DISTRIBUTING OF YOUNGSTOWN, LLCEIN 20-1572780Plan #004PY 2024

425 VICTORIA ROAD, SUITE B - AUSTINTOWN, OH 44515330-629-2337

Other plans on this EIN

1 filing

#003Retirement-$935K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.1M

+13.6% from 2023

Total participants

-3.4% from 2023

Average account balance

$71,236

+17.5% from 2023

Annual return

11.33%

-2.08 pp from 2023

Benchmarks

See 8,999 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort8,999 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.06M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

158.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1394

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 codes2E2F2G2J2T3D

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.
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

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

$79K

$2206 / participant

Other / not subdivided$79K100.0%

% of EOY assets

1.956%

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

$71,236

$101,778-30.0%

$164,975-56.8%

$80,925-12.0%

Participation rate

100.0%

71.8%+28.2pp

78.6%+21.4pp

67.7%+32.3pp

Annual return

11.33%

16.73%-5.4pp

70.12%-58.8pp

35.65%-24.3pp

Employer contribution / active EE

$1,762

$2,954-40.3%

$4,343-59.4%

$2,756-36.1%

Participant deferral / active EE

$2,621

$4,477-41.4%

$6,033-56.6%

$4,299-39.0%

Admin fee / account holder

$1,394

$8,221-83.0%

$12,688-89.0%

$6,940-79.9%

R.L. LIPTON DISTRIBUTING OF YOUNGSTOWN, LLC TEAMSTERS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R.L. LIPTON DISTRIBUTING OF YOUNGSTOWN, LLC TEAMSTERS 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