Retirement plan

LEONARD MANAGEMENT 401(K) PLAN

Name: LEONARD MANAGEMENT - LEONARD MANAGEMENT 401(K) PLAN (2023) Form 5500
Creator: LEONARD MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEONARD MANAGEMENT 401(K) PLAN, LEONARD MANAGEMENT

LEONARD MANAGEMENTEIN 42-1426079Plan #003PY 2023

1408 VETERANS DRIVE, SUITE 202 - ELKHORN, NE 68022402-932-6550LinkedIn1-10 employees

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.2M

+46.9% from 2022

Total participants

665

+8.5% from 2022

Average account balance

$16,929

+51.6% from 2022

Annual return

16.97%

+34.86 pp from 2022

Benchmarks

See 911 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort911 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.25M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

226

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.

25.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$872K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$266

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3 years Service code 15 · EIN 13-3689044	Recordkeeping	$36,377
THE BANK OF NEW YORK MELLON1 year Filed as: BANK OF AMERICA NA Service code 27 · EIN 13-5674085	Advisory (Plan)	$3,665
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$2,600

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$45K

$73 / participant

Contract admin$45K100.0%

% of EOY assets

1.418%

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: WENDLING NOE NELSON & JOHNSON LLC
Auditor EIN: 481026809
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,929

$26,114-35.2%

$58,544-71.1%

$74,440-77.3%

Participation rate

23.7%

32.1%-8.4pp

50.9%-27.1pp

70.7%-47.0pp

Annual return

16.97%

32.51%-15.5pp

4249.56%-4232.6pp

34.37%-17.4pp

Employer contribution / active EE

$478

$536-10.8%

$1,053-54.6%

$2,638-81.9%

Participant deferral / active EE

$865

$1,075-19.5%

$1,923-55.0%

$4,529-80.9%

Admin fee / account holder

$240

$649-63.0%

$2,520-90.5%

$348-31.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Service code 15 · EIN 13-3689044

Recordkeeping

$36,377

THE BANK OF NEW YORK MELLON1 year

Filed as: BANK OF AMERICA NA

Service code 27 · EIN 13-5674085

Advisory (Plan)

$3,665

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$2,600

LEONARD MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEONARD MANAGEMENT 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