Retirement plan

LAW FAMILY COMPANIES 401(K) PLAN

Name: LAW FAMILY COMPANIES - LAW FAMILY COMPANIES 401(K) PLAN (2022) Form 5500
Creator: LAW FAMILY COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAW FAMILY COMPANIES 401(K) PLAN, LAW FAMILY COMPANIES

LAW FAMILY COMPANIESEIN 38-4056061Plan #002PY 2022

PO BOX 1387 - LONDONDERRY, NH 03053603-432-1400lawfamilycompanies.comLinkedIn51-200 employeeslogistics and supply chain

Prospect flagsLow returnsHigh cashLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$13M

-25.1% from 2021

Total participants

243

+3.8% from 2021

Average account balance

$81,414

-38.2% from 2021

Annual return

-22.61%

-39.14 pp from 2021

Benchmarks

See 1,125 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,125 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.38M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

193

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.

69.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$877K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC3 years Filed as: T ROWE PRICE RPS, INC Service code 15 · EIN 52-1309931	Recordkeeping	$3,899
AMERICAN FUNDS3 years Service code 28 · EIN 95-1411037	Investment Management	$0
BLACKROCK3 years Filed as: BLACKROCK FUNDS Service code 28 · EIN 04-6171663	Investment Management	$0
COHEN & STEERS3 years Filed as: COHEN & STEERS FUNDS Service code 28 · EIN 14-1904657	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
FRANKLIN TEMPLETON3 years Service code 28 · EIN 13-2670991	Investment Management	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
MFS INVESTMENT MANAGEMENT3 years Filed as: MFS FUNDS Service code 28 · EIN 04-2747644	Investment Management	$0
PRUDENTIAL RETIREMENT INSURANCE AND3 years Filed as: PRUDENTIAL JENNISON Service code 28 · EIN 22-3703799	Investment Management	$0

Plan features & details

Pension benefit codes2F2G2J2K3D2E2T3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$22K

$107 / participant

Other / not subdivided$22K100.0%

% of EOY assets

0.172%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOIVIN & ASSOCIATES, CPAS, PLLC
Auditor EIN: 271516157
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,414

$63,471+28.3%

$68,803+18.3%

$66,949+21.6%

Participation rate

60.3%

60.0%+0.3pp

69.0%-8.7pp

69.8%-9.5pp

Annual return

-22.61%

-8.29%-14.3pp

-6.37%-16.2pp

1.57%-24.2pp

Employer contribution / active EE

$505

$1,776-71.6%

$2,656-81.0%

$2,545-80.2%

Participant deferral / active EE

$2,323

$2,946-21.1%

$3,942-41.1%

$4,239-45.2%

Admin fee / account holder

$140

$578-75.8%

$4,936-97.2%

$594-76.5%

Provider

Service type

Compensation

T ROWE PRICE RPS INC3 years

Filed as: T ROWE PRICE RPS, INC

Service code 15 · EIN 52-1309931

Recordkeeping

$3,899

AMERICAN FUNDS3 years

Service code 28 · EIN 95-1411037

Investment Management

BLACKROCK3 years

Filed as: BLACKROCK FUNDS

Service code 28 · EIN 04-6171663

Investment Management

COHEN & STEERS3 years

Filed as: COHEN & STEERS FUNDS

Service code 28 · EIN 14-1904657

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

FRANKLIN TEMPLETON3 years

Service code 28 · EIN 13-2670991

Investment Management

MORGAN STANLEY SMITH BARNEY3 years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

MFS INVESTMENT MANAGEMENT3 years

Filed as: MFS FUNDS

Service code 28 · EIN 04-2747644

Investment Management

PRUDENTIAL RETIREMENT INSURANCE AND3 years

Filed as: PRUDENTIAL JENNISON

Service code 28 · EIN 22-3703799

Investment Management

LAW FAMILY COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAW FAMILY COMPANIES 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