Retirement plan

LUDOLPH BROTHERS/LUDOLPH BUS SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: LUDOLPH BROTHERS LUDOLPH BUS SERVICE, INC. - LUDOLPH BROTHERS/LUDOLPH BUS SERVICE, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: LUDOLPH BROTHERS LUDOLPH BUS SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUDOLPH BROTHERS/LUDOLPH BUS SERVICE, INC. 401(K) PROFIT SHARING PLAN, LUDOLPH BROTHERS LUDOLPH BUS SERVICE, INC.

LUDOLPH BROTHERS LUDOLPH BUS SERVICE, INC.EIN 41-1547411Plan #001PY 2024

302 8TH AVE NW - PIPESTONE, MN 56164507-825-2303

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$3.8M

-0.5% from 2023

Total participants

+15.4% from 2023

Average account balance

$254,181

-13.8% from 2023

Annual return

10.38%

-5.40 pp from 2023

Benchmarks

See 9,715 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort9,715 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.81M

Not enough data

1 years with asset history on file

Average account balance

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

$254K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$33570

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 codes2E2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$504K

$41963 / participant

Other / not subdivided$504K100.0%

% of EOY assets

13.207%

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

$254,181

$90,530+180.8%

$76,030+234.3%

$145,897+74.2%

Participation rate

100.0%

74.4%+25.6pp

69.1%+30.9pp

80.3%+19.7pp

Annual return

10.38%

625.08%-614.7pp

361.54%-351.2pp

552.29%-541.9pp

Employer contribution / active EE

$4,858

$3,319+46.4%

$2,688+80.8%

$4,663+4.2%

Participant deferral / active EE

$2,206

$5,164-57.3%

$4,257-48.2%

$6,689-67.0%

Admin fee / account holder

$33,570

$8,383+300.4%

$6,421+422.9%

$13,390+150.7%

LUDOLPH BROTHERS/LUDOLPH BUS SERVICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUDOLPH BROTHERS/LUDOLPH BUS SERVICE, 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