Retirement plan

L.J. ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

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

L. J. ASSOCIATES, INC.EIN 25-1553163Plan #001PY 2024

125 AVIATION LANE, SUITE 112 - LATROBE, PA 15650724-537-0520

Other plans on this EIN

1 filing

#002Retirement-$5.4M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.8M

+0.5% from 2023

Total participants

123

+2.5% from 2023

Average account balance

$153,725

+3.1% from 2023

Annual return

16.53%

+1.90 pp from 2023

Benchmarks

See 4,591 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants25-99

Cohort4,591 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.83M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

116

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$503

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 1 by compensation

Provider	Service type	Compensation
AMERISERV TRUST & FINANCIAL SERVICE4 years Filed as: AMERISERV TRUST FINANCIAL SERVICES Service code 21 216 FRANKLIN STREET · JOHNSTOWN, PA 15901	Bank Trustee	$58,325

Plan features & details

Pension benefit codes2E2F2G2T3D2J

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$58K

$767 / participant

Investment mgmt$58K100.0%

% of EOY assets

0.327%

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: WESSEL AND COMPANY
Auditor EIN: 251390233
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$153,725

$55,930+174.9%

$76,089+102.0%

$80,925+90.0%

Participation rate

90.8%

62.1%+28.7pp

69.1%+21.7pp

67.7%+23.1pp

Annual return

16.53%

20.58%-4.0pp

360.94%-344.4pp

35.65%-19.1pp

Employer contribution / active EE

$7,627

$1,866+308.7%

$2,690+183.5%

$2,756+176.7%

Participant deferral / active EE

$7,470

$3,051+144.9%

$4,259+75.4%

$4,299+73.8%

Admin fee / account holder

$503

$5,241-90.4%

$6,418-92.2%

$6,940-92.8%

Provider

Service type

Compensation

AMERISERV TRUST & FINANCIAL SERVICE4 years

Filed as: AMERISERV TRUST FINANCIAL SERVICES

Service code 21

216 FRANKLIN STREET · JOHNSTOWN, PA 15901

Bank Trustee

$58,325

L.J. ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L.J. ASSOCIATES, INC. 401(K) PROFIT SHARING 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