Retirement plan

LEMBERG ELECTRIC COMPANY, INC. 401(K) RETIREMENT PLAN

Name: LEMBERG ELECTRIC COMPANY, INC. - LEMBERG ELECTRIC COMPANY, INC. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: LEMBERG ELECTRIC COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEMBERG ELECTRIC COMPANY, INC. 401(K) RETIREMENT PLAN, LEMBERG ELECTRIC COMPANY, INC.

LEMBERG ELECTRIC COMPANY, INC.EIN 39-0863325Plan #003PY 2024

4085 NORTH 128 STREET STE 100 - BROOKFIELD, WI 53005262-781-1500

Other plans on this EIN

1 filing

#002Retirement-$16.6M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$2M

+28.1% from 2023

Total participants

0.0% from 2023

Average account balance

$67,681

+28.1% from 2023

Annual return

12.67%

-1.67 pp from 2023

Benchmarks

See 18,533 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,533 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.29M

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.

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.

62.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$216K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8463

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

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.
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

$485

$11 / participant

Other / not subdivided$485100.0%

% of EOY assets

0.024%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,681

$81,487-16.9%

$102,412-33.9%

$80,935-16.4%

Participation rate

53.5%

66.8%-13.4pp

74.5%-21.0pp

67.7%-14.2pp

Annual return

12.67%

25.60%-12.9pp

24.94%-12.3pp

35.66%-23.0pp

Employer contribution / active EE

$3,103-100.0%

$3,870-100.0%

$2,757-100.0%

Participant deferral / active EE

$5,673

$3,871+46.6%

$5,060+12.1%

$4,299+31.9%

Admin fee / account holder

$16

$6,717-99.8%

$8,388-99.8%

$6,924-99.8%

LEMBERG ELECTRIC COMPANY, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEMBERG ELECTRIC COMPANY, INC. 401(K) 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