Retirement plan

LESTER R. SUMMERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: LESTER R. SUMMERS, INC. - LESTER R. SUMMERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2019) Form 5500
Creator: LESTER R. SUMMERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LESTER R. SUMMERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN, LESTER R. SUMMERS, INC.

LESTER R. SUMMERS, INC.EIN 23-1413983Plan #003PY 2019

40 GARDEN SPOT ROAD, SUITE 100 - EPHRATA, PA 17522717-733-6556summerstrucking.comLinkedIn51-200 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#002Retirement-$10.4M assets

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$4M

+282.6% from 2018

Total participants

109

+26.7% from 2018

Average account balance

$36,482

+201.9% from 2018

Annual return

282.59%

+282.59 pp from 2018

Benchmarks

See 1,095 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,095 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.73M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

-42.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9160

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 codes2E2P2Q3H3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$411K

$3986 / participant

Other / not subdivided$411K100.0%

% of EOY assets

10.325%

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

$36,482

$47,922-23.9%

$75,900-51.9%

$65,186-44.0%

Participation rate

100.0%

63.0%+37.0pp

69.3%+30.7pp

70.2%+29.8pp

Annual return

282.59%

24.12%+258.5pp

30.73%+251.9pp

29.39%+253.2pp

Employer contribution / active EE

$1,557-100.0%

$2,501-100.0%

$2,177-100.0%

Participant deferral / active EE

$2,550-100.0%

$3,604-100.0%

$3,514-100.0%

Admin fee / account holder

$3,767

$532+608.7%

$5,421-30.5%

$847+344.6%

LESTER R. SUMMERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LESTER R. SUMMERS, INC. EMPLOYEE STOCK OWNERSHIP 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