Retirement plan

LOOP CAPITAL MARKETS, LLC 401(K) PLAN & TRUST

Name: LOOP CAPITAL MARKETS, LLC - LOOP CAPITAL MARKETS, LLC 401(K) PLAN & TRUST (2024) Form 5500
Creator: LOOP CAPITAL MARKETS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOOP CAPITAL MARKETS, LLC 401(K) PLAN & TRUST, LOOP CAPITAL MARKETS, LLC

LOOP CAPITAL MARKETS, LLCEIN 36-4164012Plan #001PY 2024

425 S. FINANCIAL PLACE SUITE 2700 - CHICAGO, IL 60605312-913-4912

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$51.8M

+22.3% from 2023

Total participants

352

-1.7% from 2023

Average account balance

$153,797

+23.4% from 2023

Annual return

17.07%

-6.51 pp from 2023

Benchmarks

See 2,175 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,175 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.83M

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.

337

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+17.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$349

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 4 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY6 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$111,341
MESIROW FINANCIAL INVESTMENT MANAGE5 years Filed as: MESIROW FINANCIAL, INC. Service code 99 · EIN 36-3194849	Other Fees	$41,933
CREATIVE PLANNING LLC1 year Filed as: CREATIVE PLANNING HOLD CO, LLC Service code 99 · EIN 84-4519624	Other Fees	$15,322
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$5,239

Plan features & details

Pension benefit codes2E2F2J2K3D

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).
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

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

$118K

$474 / participant

Investment mgmt$8K7.2%
Contract admin$108K91.6%
Other / not subdivided$1K1.2%

% of EOY assets

0.227%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MITCHELL & TITUS
Auditor EIN: 132781641
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$153,797

$122,051+26.0%

$184,185-16.5%

$74,400+106.7%

Participation rate

94.0%

85.5%+8.5pp

86.8%+7.1pp

67.2%+26.7pp

Annual return

17.07%

19.91%-2.8pp

28.81%-11.7pp

1367.51%-1350.4pp

Employer contribution / active EE

$5,661

$4,539+24.7%

$6,426-11.9%

$2,624+115.7%

Participant deferral / active EE

$16,210

$7,146+126.9%

$9,132+77.5%

$4,348+272.8%

Admin fee / account holder

$349

$1,258-72.3%

$13,909-97.5%

$1,944-82.0%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY6 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$111,341

MESIROW FINANCIAL INVESTMENT MANAGE5 years

Filed as: MESIROW FINANCIAL, INC.

Service code 99 · EIN 36-3194849

Other Fees

$41,933

CREATIVE PLANNING LLC1 year

Filed as: CREATIVE PLANNING HOLD CO, LLC

Service code 99 · EIN 84-4519624

Other Fees

$15,322

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$5,239

LOOP CAPITAL MARKETS, LLC 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOOP CAPITAL MARKETS, LLC 401(K) PLAN & TRUST

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