Retirement plan

NORTHUMBERLAND LMG CORPORATION 401(K) AND PROFIT SHARING PLAN

Name: NORTHUMBERLAND LMG CORPORATION - NORTHUMBERLAND LMG CORPORATION 401(K) AND PROFIT SHARING PLAN (2024) Form 5500
Creator: NORTHUMBERLAND LMG CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHUMBERLAND LMG CORPORATION 401(K) AND PROFIT SHARING PLAN, NORTHUMBERLAND LMG CORPORATION

NORTHUMBERLAND LMG CORPORATIONEIN 43-1999527Plan #001PY 2024

1741 N BOULDER HWY - HENDERSON, NC 89011702-565-9116

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$7M

+12.1% from 2023

Total participants

484

+53.7% from 2023

Average account balance

$26,533

+9.5% from 2023

Annual return

11.96%

-3.20 pp from 2023

Benchmarks

See 937 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants250-999

Cohort937 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.95M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

262

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.

16.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$749K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19

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 4 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK1 year Service code 26 · EIN 04-2675571	Advisory (Participants)	$2,017
MUTUAL OF AMERICA INVESTMENT CORP6 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Claims processing; Participant loan p...	$1,579
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Filed as: LEAFHOUSE FINANCIAL 3(38) Service code 26 · EIN 26-4311657	Advisory (Participants)	$231
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$55

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

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.
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

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

$5K

$19 / participant

Recordkeeping$3K55.4%
Investment mgmt$2K44.6%

% of EOY assets

0.072%

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: JGD & ASSOCIATES LLP
Auditor EIN: 953132551
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,533

$29,525-10.1%

$56,033-52.6%

$77,736-65.9%

Participation rate

16.9%

32.7%-15.8pp

52.5%-35.6pp

70.6%-53.7pp

Annual return

11.96%

18.90%-6.9pp

1711.38%-1699.4pp

31.26%-19.3pp

Employer contribution / active EE

$527

$569-7.5%

$1,041-49.4%

$2,728-80.7%

Participant deferral / active EE

$2,279

$1,062+114.7%

$1,954+16.6%

$4,651-51.0%

Admin fee / account holder

$19

$1,040-98.2%

$2,827-99.3%

$433-95.6%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 26 · EIN 04-2675571

Advisory (Participants)

$2,017

MUTUAL OF AMERICA INVESTMENT CORP6 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Claims processing; Participant loan p...

$1,579

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Filed as: LEAFHOUSE FINANCIAL 3(38)

Service code 26 · EIN 26-4311657

Advisory (Participants)

$231

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$55

NORTHUMBERLAND LMG CORPORATION 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHUMBERLAND LMG CORPORATION 401(K) AND 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