Retirement plan

LATHROP GPM LLP 401(K) PLAN

Name: LATHROP GPM LLP - LATHROP GPM LLP 401(K) PLAN (2024) Form 5500
Creator: LATHROP GPM LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LATHROP GPM LLP 401(K) PLAN, LATHROP GPM LLP

LATHROP GPM LLPEIN 43-0948710Plan #003PY 2024

2345 GRAND BOULEVARD, SUITE 2200 - KANSAS CITY, MO 64108816-460-5663

Other plans on this EIN

1 filing

#002Retirement-$349.2M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$104.6M

+12.8% from 2023

Total participants

287

+12.5% from 2023

Average account balance

$407,092

+9.3% from 2023

Annual return

21.34%

-6.13 pp from 2023

Benchmarks

See 6,297 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,297 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$104.62M

Not enough data

1 years with asset history on file

Average account balance

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

$407K

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.

257

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.

84.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+21.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$332

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

See the 5-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC3 years Service code 26 · EIN 43-1270780	Advisory (Participants)	$25,120
CAP FINANCIAL PARTNERS, LLC1 year Filed as: CAP FINANCIAL PARTNERS LLC Service code 28 · EIN 26-0058143	Investment Management	$23,040
CHARLES SCHWAB & CO., INC.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$15,142
CAPITAL MANAGEMENT ASSOCIATES2 years Service code 26 · EIN 41-1655392	Advisory (Participants)	$11,359
FLEXIBLE PLAN INVESTMENTS LTD4 years Service code 26 · EIN 38-2340348	Advisory (Participants)	$7,845
HOWARD CAPITAL MANAGEMENT INC4 years Service code 26 · EIN 76-0661984	Advisory (Participants)	$6,892
CHARLES SCHWAB & CO., INC.4 years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Direct pa...	$593
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO.,INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$85K

$442 / participant

Recordkeeping$15K17.8%
Investment mgmt$70K82.2%

% of EOY assets

0.081%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$407,092

$101,317+301.8%

$146,958+177.0%

$74,495+446.5%

Participation rate

84.5%

75.5%+8.9pp

82.2%+2.3pp

67.2%+17.3pp

Annual return

21.34%

8730.91%-8709.6pp

418.34%-397.0pp

1364.94%-1343.6pp

Employer contribution / active EE

$4,974

$3,810+30.5%

$4,933+0.8%

$2,623+89.6%

Participant deferral / active EE

$12,607

$7,303+72.6%

$8,070+56.2%

$4,346+190.1%

Admin fee / account holder

$332

$1,739-80.9%

$12,998-97.4%

$1,942-82.9%

Provider

Service type

Compensation

CREATIVE PLANNING LLC3 years

Service code 26 · EIN 43-1270780

Advisory (Participants)

$25,120

CAP FINANCIAL PARTNERS, LLC1 year

Filed as: CAP FINANCIAL PARTNERS LLC

Service code 28 · EIN 26-0058143

Investment Management

$23,040

CHARLES SCHWAB & CO., INC.4 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$15,142

CAPITAL MANAGEMENT ASSOCIATES2 years

Service code 26 · EIN 41-1655392

Advisory (Participants)

$11,359

FLEXIBLE PLAN INVESTMENTS LTD4 years

Service code 26 · EIN 38-2340348

Advisory (Participants)

$7,845

HOWARD CAPITAL MANAGEMENT INC4 years

Service code 26 · EIN 76-0661984

Advisory (Participants)

$6,892

CHARLES SCHWAB & CO., INC.4 years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Direct pa...

$593

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO.,INC. AND AFFIL

Service code 59

Shareholder Servicing

LATHROP GPM LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LATHROP GPM LLP 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