Retirement plan

LENFAM MANAGEMENT COMPANY 401(K) PLAN

Name: LENFAM MANAGEMENT COMPANY - LENFAM MANAGEMENT COMPANY 401(K) PLAN (2022) Form 5500
Creator: LENFAM MANAGEMENT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LENFAM MANAGEMENT COMPANY 401(K) PLAN, LENFAM MANAGEMENT COMPANY

LENFAM MANAGEMENT COMPANYEIN 22-1892065Plan #001PY 2022

1534 ROUTE 23 NORTH - WAYNE, NJ 07470973-785-1424LinkedIn1-10 employeesinformation technology and services

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$2.6M

-10.5% from 2021

Total participants

274

+3.8% from 2021

Average account balance

$48,179

-7.2% from 2021

Annual return

-11.76%

-21.01 pp from 2021

Benchmarks

See 3,159 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,159 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.76M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

16.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$272K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$787

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

+10.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1067

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

Top 7 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO.OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,783
ALTIGRO PENSION SERVICES INC1 year Service code 13 3 US HIGHWAY 46 WEST · FAIRFIELD, NJ 070042904	Contract Administrator	$3,483
PETRULLA1 year Service code 99 195 FAIRFIELD AVE STE 3C · W CALDWELL, NJ 07006	Other Fees	$3,007
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,221
LEAFHOUSE FINANCIAL ADVISORS, LLC4 years Service code 27 6504 BRIDGE POINT PKWY · AUSTIN, TX 787305097	Advisory (Plan)	$1,241
SAIPH CAPITAL LLC1 year Service code 27 244 EVERETT AVE · WYCKOFF, NJ 07481	Advisory (Plan)	$884
LOREN D. STARK COMPANY1 year Filed as: LOREN D STARK COMPANY Service code 13 10750 ROCKLEY ROAD · HOUSTON, TX 77099	Contract Administrator	$199

Plan features & details

Pension benefit codes2E2F2G2J2K2T2H3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.

Expense breakdown

Schedule H Part II

Admin total

$13K

$48 / participant

Investment mgmt$13K100.0%

% of EOY assets

0.493%

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: GEORGE FOLLINI JR., CPA, P.C.
Auditor EIN: 471491595
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,179

$82,163-41.4%

$125,381-61.6%

$64,819-25.7%

Participation rate

15.6%

77.9%-62.2pp

82.4%-66.7pp

71.5%-55.8pp

Annual return

-11.76%

3.49%-15.3pp

572.31%-584.1pp

32.84%-44.6pp

Employer contribution / active EE

$153

$3,616-95.8%

$4,815-96.8%

$2,507-93.9%

Participant deferral / active EE

$613

$7,175-91.5%

$7,448-91.8%

$4,311-85.8%

Admin fee / account holder

$238

$163+45.6%

$10,007-97.6%

$188+26.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO.OF AME

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,783

ALTIGRO PENSION SERVICES INC1 year

Service code 13

3 US HIGHWAY 46 WEST · FAIRFIELD, NJ 070042904

Contract Administrator

$3,483

PETRULLA1 year

Service code 99

195 FAIRFIELD AVE STE 3C · W CALDWELL, NJ 07006

Other Fees

$3,007

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,221

LEAFHOUSE FINANCIAL ADVISORS, LLC4 years

Service code 27

6504 BRIDGE POINT PKWY · AUSTIN, TX 787305097

Advisory (Plan)

$1,241

SAIPH CAPITAL LLC1 year

Service code 27

244 EVERETT AVE · WYCKOFF, NJ 07481

Advisory (Plan)

$884

LOREN D. STARK COMPANY1 year

Filed as: LOREN D STARK COMPANY

Service code 13

10750 ROCKLEY ROAD · HOUSTON, TX 77099

Contract Administrator

$199

LENFAM MANAGEMENT COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LENFAM MANAGEMENT COMPANY 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