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 (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.2M

-27.5% from 2021

Total participants

+8.3% from 2021

Average account balance

$248,972

-33.1% from 2021

Annual return

-13.27%

-27.86 pp from 2021

Benchmarks

See 8,687 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort8,687 peers

Snapshot2022

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

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

$754K

$68508 / participant

Other / not subdivided$754K100.0%

% of EOY assets

23.283%

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

$248,972

$82,314+202.5%

$68,808+261.8%

$134,532+85.1%

Participation rate

100.0%

75.1%+24.9pp

69.0%+31.0pp

81.2%+18.8pp

Annual return

-13.27%

-2.18%-11.1pp

-6.37%-6.9pp

418.27%-431.5pp

Employer contribution / active EE

$4,955

$3,301+50.1%

$2,656+86.6%

$4,741+4.5%

Participant deferral / active EE

$5,576

$4,740+17.6%

$3,942+41.4%

$6,401-12.9%

Admin fee / account holder

$57,968

$6,484+794.0%

$4,936+1074.4%

$11,429+407.2%

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