Retirement plan

LEVERING MANAGEMENT, INC. AND AFFILIATES RETIREMENT PLAN

Name: LEVERING MANAGEMENT INC. - LEVERING MANAGEMENT, INC. AND AFFILIATES RETIREMENT PLAN (2023) Form 5500
Creator: LEVERING MANAGEMENT INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEVERING MANAGEMENT, INC. AND AFFILIATES RETIREMENT PLAN, LEVERING MANAGEMENT INC.

LEVERING MANAGEMENT INC.EIN 31-0851940Plan #002PY 2023

201 N. MAIN ST. - MT VERNON, OH 43050740-397-8940leveringmanagement.comLinkedIn201-500 employeeshospital & health care

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$4M

+1.9% from 2022

Total participants

229

-29.5% from 2022

Average account balance

$18,620

+49.4% from 2022

Annual return

15.00%

+30.75 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.37M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

208

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.

94.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$197K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+13.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$77

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
GREAT LAKES ADVISORS, LLC9+ years Filed as: GREAT LAKES PENSION SERVICES DBA Service code 49 · EIN 34-1373917 HILEMAN ASSOCIATES · TOLEDO, OH 43606	Other Services	$11,894
GREAT LAKES ADVISORS, LLC1 year Filed as: GREAT LAKES PENSION SERVICES, INC. Service code 49	Other Services	$1,982

Plan features & details

Pension benefit codes2E2F2H2J2K3D

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).
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.
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

$13K

$91 / participant

Contract admin$13K100.0%

% of EOY assets

0.316%

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: HW&CO.
Auditor EIN: 341663157
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,620

$61,391-69.7%

$149,723-87.6%

$71,529-74.0%

Participation rate

91.4%

62.5%+28.9pp

78.8%+12.6pp

67.9%+23.5pp

Annual return

15.00%

35.88%-20.9pp

134.50%-119.5pp

28.97%-14.0pp

Employer contribution / active EE

$370

$2,384-84.5%

$4,821-92.3%

$2,590-85.7%

Participant deferral / active EE

$951

$2,921-67.4%

$5,682-83.3%

$4,291-77.8%

Admin fee / account holder

$59

$1,264-95.3%

$13,215-99.6%

$1,588-96.3%

Provider

Service type

Compensation

GREAT LAKES ADVISORS, LLC9+ years

Filed as: GREAT LAKES PENSION SERVICES DBA

Service code 49 · EIN 34-1373917

HILEMAN ASSOCIATES · TOLEDO, OH 43606

Other Services

$11,894

GREAT LAKES ADVISORS, LLC1 year

Filed as: GREAT LAKES PENSION SERVICES, INC.

Service code 49

Other Services

$1,982

LEVERING MANAGEMENT, INC. AND AFFILIATES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEVERING MANAGEMENT, INC. AND AFFILIATES RETIREMENT 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