Retirement plan

LMI AEROSPACE, INC. PROFIT SHARING AND SAVINGS PLAN AND TRUST

Name: LMI AEROSPACE, INC. - LMI AEROSPACE, INC. PROFIT SHARING AND SAVINGS PLAN AND TRUST (2023) Form 5500
Creator: LMI AEROSPACE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LMI AEROSPACE, INC. PROFIT SHARING AND SAVINGS PLAN AND TRUST, LMI AEROSPACE, INC.

LMI AEROSPACE, INC.EIN 43-1309065Plan #002PY 2023

411 FOUNTAIN LAKES BLVD - ST CHARLES, MO 633014352636-916-2400

Prospect flagsLow employer contribution

Top hat statement on fileNQDC

Filed August 20, 2015

Plan administrator

Plan administrator name— Sign in and upgrade to view

411 Fountain Lakes Blvd.

St. Charles State: MO Zip Code: 63301

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Plans declared (1)

LMI Aerospace, Inc. Non-Qualified Deferred Compensation Plan for Senior Executives and Outside Directors7 emp

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How to read this page

Total assets (EOY)

$83.9M

+12.6% from 2022

Total participants

1,962

-4.9% from 2022

Average account balance

$46,971

+16.7% from 2022

Annual return

16.77%

+31.07 pp from 2022

Benchmarks

See 810 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort810 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$89.27M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

1,729

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$143,951
FIDUCIARY INVESTMENT ADVISORS7 years Filed as: FIDUCIARY ADVISORS, INC Service code 28 · EIN 43-1891647	Investment Management	$44,000
FORVIS MAZARS, LLP1 year Service code 10 · EIN 44-0160260	Accounting	$18,480

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$172K

$137 / participant

Recordkeeping$144K83.5%
Investment mgmt$10K5.8%
Contract admin$18K10.7%

% of EOY assets

0.205%

all-in expense ratio

Categories reported

3 / 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

$46,971

$104,697-55.1%

$96,544-51.3%

$80,160-41.4%

Participation rate

86.0%

86.4%-0.4pp

76.0%+10.0pp

72.9%+13.1pp

Annual return

16.77%

21.78%-5.0pp

25.84%-9.1pp

40.38%-23.6pp

Employer contribution / active EE

$1,053

$3,536-70.2%

$2,965-64.5%

$2,978-64.7%

Participant deferral / active EE

$3,844

$6,188-37.9%

$4,851-20.8%

$5,017-23.4%

Admin fee / account holder

$97

$107-9.6%

$8,252-98.8%

$145-33.4%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$143,951

FIDUCIARY INVESTMENT ADVISORS7 years

Filed as: FIDUCIARY ADVISORS, INC

Service code 28 · EIN 43-1891647

Investment Management

$44,000

FORVIS MAZARS, LLP1 year

Service code 10 · EIN 44-0160260

Accounting

$18,480

LMI AEROSPACE, INC. PROFIT SHARING AND SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LMI AEROSPACE, INC. PROFIT SHARING AND SAVINGS PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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