Retirement plan

BENJAMIN P. LAI & ASSOCIATES ENGINEERS INC. RETIREMENT PLAN

Name: BENJAMIN P. LAI & ASSOCIATES STRUCTURAL ENGINEERS INC. - BENJAMIN P. LAI & ASSOCIATES ENGINEERS INC. RETIREMENT PLAN (2023) Form 5500
Creator: BENJAMIN P. LAI & ASSOCIATES STRUCTURAL ENGINEERS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BENJAMIN P. LAI & ASSOCIATES ENGINEERS INC. RETIREMENT PLAN, BENJAMIN P. LAI & ASSOCIATES STRUCTURAL ENGINEERS INC.

BENJAMIN P. LAI & ASSOCIATES STRUCTURAL ENGINEERS INC.EIN 45-0469027Plan #003PY 2023

PO BOX 2169 - DANVILLE, CA 94526925-820-1688LinkedIn1-10 employeesmechanical or industrial engineering

Other plans on this EIN

1 filing

#001Retirement-$4.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$482K

+54.7% from 2022

Total participants

0.0% from 2022

Average account balance

$120,444

+54.7% from 2022

Annual return

30.14%

+57.48 pp from 2022

Benchmarks

See 139,766 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort139,766 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.04M

Not enough data

1 years with asset history on file

Average account balance

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

$260K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$38K

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

+23.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6554

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$6K

$2857 / participant

Other / not subdivided$6K100.0%

% of EOY assets

1.186%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$120,444

$148,623-19.0%

$135,974-11.4%

$139,466-13.6%

Participation rate

100.0%

83.9%+16.1pp

81.9%+18.1pp

80.3%+19.7pp

Annual return

30.14%

79.30%-49.2pp

68.30%-38.2pp

373.66%-343.5pp

Employer contribution / active EE

$11,100

$5,246+111.6%

$4,859+128.4%

$4,754+133.5%

Participant deferral / active EE

$30,000

$8,103+270.2%

$7,760+286.6%

$6,712+347.0%

Admin fee / account holder

$1,429

$12,406-88.5%

$10,767-86.7%

$11,409-87.5%

BENJAMIN P. LAI & ASSOCIATES ENGINEERS INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BENJAMIN P. LAI & ASSOCIATES ENGINEERS INC. RETIREMENT 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