Retirement plan

AGAMERICA LENDING LLC 401(K) PLAN

Name: AGAMERICA LENDING LLC - AGAMERICA LENDING LLC 401(K) PLAN (2024) Form 5500
Creator: AGAMERICA LENDING LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AGAMERICA LENDING LLC 401(K) PLAN, AGAMERICA LENDING LLC

AGAMERICA LENDING LLCEIN 27-0516064Plan #001PY 2024

4030 SOUTH PIPKIN ROAD - LAKELAND, FL 33811863-607-9500likeafarmer.comLinkedIn1-10 employeesmedia production

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$10.7M

+21.8% from 2023

Total participants

155

-7.2% from 2023

Average account balance

$74,218

+26.9% from 2023

Annual return

17.73%

-24.57 pp from 2023

Benchmarks

See 2,180 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,180 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.69M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

144

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.

90.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.66M

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

+17.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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
MERRILL LYNCH PIERCE FENNER & SMITH2 years Service code 17 · EIN 13-5674085	Pension Consulting	$14,683
JANET A. PANEBIANCO, CPA, PLLC2 years Filed as: JANET A PANEBIANCO, CPA, PLLC Service code 13 · EIN 71-1039549	Contract Administrator	$6,909
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$2,230

Plan features & details

Pension benefit codes3D2E2F2G2J2T

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$19K

$167 / participant

Contract admin$19K100.0%

% of EOY assets

0.177%

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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,218

$122,239-39.3%

$184,200-59.7%

$74,546-0.4%

Participation rate

90.3%

85.5%+4.8pp

86.8%+3.4pp

67.2%+23.1pp

Annual return

17.73%

19.95%-2.2pp

28.80%-11.1pp

1366.03%-1348.3pp

Employer contribution / active EE

$4,903

$4,537+8.1%

$6,424-23.7%

$2,624+86.8%

Participant deferral / active EE

$9,763

$7,139+36.8%

$9,132+6.9%

$4,347+124.6%

Admin fee / account holder

$131

$1,260-89.6%

$13,907-99.1%

$1,944-93.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Service code 17 · EIN 13-5674085

Pension Consulting

$14,683

JANET A. PANEBIANCO, CPA, PLLC2 years

Filed as: JANET A PANEBIANCO, CPA, PLLC

Service code 13 · EIN 71-1039549

Contract Administrator

$6,909

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$2,230

AGAMERICA LENDING LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AGAMERICA LENDING LLC 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