Retirement plan

LEGACY EQUIPMENT, LLC 401(K) AND PROFIT SHARING PLAN

Name: LEGACY EQUIPMENT, LLC - LEGACY EQUIPMENT, LLC 401(K) AND PROFIT SHARING PLAN (2024) Form 5500
Creator: LEGACY EQUIPMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGACY EQUIPMENT, LLC 401(K) AND PROFIT SHARING PLAN, LEGACY EQUIPMENT, LLC

LEGACY EQUIPMENT, LLCEIN 27-2242123Plan #001PY 2024

1704 HWY 412 EAST - PARAGOULD, AR 72451870-236-7777LinkedIn201-500 employeesconsumer goods

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.7M

+20.1% from 2023

Total participants

141

-1.4% from 2023

Average account balance

$92,171

+20.1% from 2023

Annual return

15.52%

-2.79 pp from 2023

Benchmarks

See 2,345 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,345 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.71M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

127

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.

88.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$920K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$580

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 2 by compensation

Provider	Service type	Compensation
STEPHENS INC8 years Filed as: STEPHENS Service code 27 2479 BROWNS LN · JONESBORO, AR 724016106	Advisory (Plan)	$44,946
CPI QUALIFIED PLAN CONSULTANTS, INC10+ years Service code 15 · EIN 48-1205033	Recordkeeping	$24,180

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$74K

$589 / participant

Recordkeeping$20K27.3%
Investment mgmt$49K67.2%
Contract admin$4K5.6%

% of EOY assets

0.629%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HCJ CPAS & ADVISORS PLLC
Auditor EIN: 710650689
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,171

$88,186+4.5%

$165,071-44.2%

$74,459+23.8%

Participation rate

88.8%

73.1%+15.7pp

78.6%+10.2pp

67.2%+21.6pp

Annual return

15.52%

17.13%-1.6pp

70.17%-54.7pp

1369.70%-1354.2pp

Employer contribution / active EE

$2,358

$2,600-9.3%

$4,347-45.7%

$2,626-10.2%

Participant deferral / active EE

$5,004

$4,505+11.1%

$6,035-17.1%

$4,350+15.1%

Admin fee / account holder

$580

$2,234-74.1%

$12,695-95.4%

$1,945-70.2%

Provider

Service type

Compensation

STEPHENS INC8 years

Filed as: STEPHENS

Service code 27

2479 BROWNS LN · JONESBORO, AR 724016106

Advisory (Plan)

$44,946

CPI QUALIFIED PLAN CONSULTANTS, INC10+ years

Service code 15 · EIN 48-1205033

Recordkeeping

$24,180

LEGACY EQUIPMENT, LLC 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGACY EQUIPMENT, LLC 401(K) AND 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