Retirement plan

LATHROP GPM LLP 401(K) PLAN

Name: LATHROP GPM LLP - LATHROP GPM LLP 401(K) PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#002Retirement-$334.4M assets

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$92.7M

+25.4% from 2022

Total participants

255

+6.7% from 2022

Average account balance

$372,454

+18.3% from 2022

Annual return

27.47%

+29.14 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

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

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

Service providers

Top 8 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC3 years Service code 28 · EIN 26-0058143	Investment Management	$21,042
CREATIVE PLANNING LLC2 years Service code 26 · EIN 43-1270780	Advisory (Participants)	$18,643
CHARLES SCHWAB & CO., INC.3 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$14,941
CAPITAL MANAGEMENT ASSOCIATES1 year Service code 26 · EIN 41-1655392	Advisory (Participants)	$9,635
FLEXIBLE PLAN INVESTMENTS LTD3 years Service code 26 · EIN 38-2340348	Advisory (Participants)	$6,655
HOWARD CAPITAL MANAGEMENT INC3 years Service code 26 · EIN 76-0661984	Advisory (Participants)	$5,699
CHARLES SCHWAB & CO., INC.3 years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$125
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$84K

$475 / participant

Recordkeeping$15K17.9%
Investment mgmt$69K82.1%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$372,454

$91,439+307.3%

$135,974+173.9%

$71,511+420.8%

Participation rate

96.6%

75.7%+20.9pp

81.9%+14.7pp

67.9%+28.7pp

Annual return

27.47%

29.90%-2.4pp

68.30%-40.8pp

28.86%-1.4pp

Employer contribution / active EE

$3,445

$3,705-7.0%

$4,859-29.1%

$2,589+33.0%

Participant deferral / active EE

$14,726

$7,093+107.6%

$7,760+89.8%

$4,291+243.2%

Admin fee / account holder

$336

$1,267-73.5%

$10,767-96.9%

$1,588-78.9%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC3 years

Service code 28 · EIN 26-0058143

Investment Management

$21,042

CREATIVE PLANNING LLC2 years

Service code 26 · EIN 43-1270780

Advisory (Participants)

$18,643

CHARLES SCHWAB & CO., INC.3 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$14,941

CAPITAL MANAGEMENT ASSOCIATES1 year

Service code 26 · EIN 41-1655392

Advisory (Participants)

$9,635

FLEXIBLE PLAN INVESTMENTS LTD3 years

Service code 26 · EIN 38-2340348

Advisory (Participants)

$6,655

HOWARD CAPITAL MANAGEMENT INC3 years

Service code 26 · EIN 76-0661984

Advisory (Participants)

$5,699

CHARLES SCHWAB & CO., INC.3 years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$125

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