Retirement plan

LEE CONTRACTING, INC. 401(K) PROFIT SHARING PLAN

Name: LEE CONTRACTING, INC. - LEE CONTRACTING, INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: LEE CONTRACTING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEE CONTRACTING, INC. 401(K) PROFIT SHARING PLAN, LEE CONTRACTING, INC.

LEE CONTRACTING, INC.EIN 38-3243830Plan #002PY 2022

613 CESAR E. CHAVEZ - PONTIAC, MI 48342248-763-8810leewoodinc.comLinkedIn1-10 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$161.1M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$15.7M

-22.4% from 2016

Total participants

694

-22.8% from 2016

Average account balance

$30,511

+0.2% from 2016

Annual return

-13.55%

-6.25 pp from 2016

Benchmarks

See 1,393 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,393 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.25M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

456

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.

72.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.47M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE5 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$54,084
THE BENEFIT ADVANTAGE, INC.5 years Filed as: THE BENEFIT ADVANTAGE Service code 13 3497 AUBURN ROAD · AUBURN HILLS, MI 48326	Contract Administrator	$3,250
IRON-CO-FID-COMPREHENSIVE5 years Filed as: IRON-CO-FID-3(21) Service code 27 630 DUNDEE RD, STE 200 · NORTHBROOK, IL 60062	Advisory (Plan)	$2,686
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$9
WILSHIRE ASSOCIATES INCORPORATED1 year Filed as: WILSHIRE ADVISORS LLC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$60K

$102 / participant

Contract admin$60K100.0%

% of EOY assets

0.384%

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: YEO & YEO P.C.
Auditor EIN: 382706146
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,511

$106,236-71.3%

$112,270-72.8%

$64,829-52.9%

Participation rate

69.6%

71.7%-2.1pp

75.1%-5.5pp

71.5%-1.9pp

Annual return

-13.55%

-6.02%-7.5pp

27.49%-41.0pp

32.85%-46.4pp

Employer contribution / active EE

$3,167-100.0%

$3,635-100.0%

$2,507-100.0%

Participant deferral / active EE

$5,087

$3,786+34.4%

$4,729+7.6%

$4,312+18.0%

Admin fee / account holder

$117

$452-74.1%

$6,411-98.2%

$188-37.6%

Provider

Service type

Compensation

NATIONWIDE5 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$54,084

THE BENEFIT ADVANTAGE, INC.5 years

Filed as: THE BENEFIT ADVANTAGE

Service code 13

3497 AUBURN ROAD · AUBURN HILLS, MI 48326

Contract Administrator

$3,250

IRON-CO-FID-COMPREHENSIVE5 years

Filed as: IRON-CO-FID-3(21)

Service code 27

630 DUNDEE RD, STE 200 · NORTHBROOK, IL 60062

Advisory (Plan)

$2,686

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

WILSHIRE ASSOCIATES INCORPORATED1 year

Filed as: WILSHIRE ADVISORS LLC

Service code 27 · EIN 95-2755361

Advisory (Plan)

LEE CONTRACTING, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEE CONTRACTING, 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