Retirement plan

LASER ASSETS & AFFILIATES 401K PLAN

Name: LASER ASSETS, INC. - LASER ASSETS & AFFILIATES 401K PLAN (2024) Form 5500
Creator: LASER ASSETS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LASER ASSETS & AFFILIATES 401K PLAN, LASER ASSETS, INC.

LASER ASSETS, INC.EIN 46-2110006Plan #001PY 2024

122 DEFENSE HIGHWAY, SUITE 102 - ANNAPOLIS, MD 21401410-571-0360

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.6M

+25.4% from 2023

Total participants

193

+7.8% from 2023

Average account balance

$86,515

+16.0% from 2023

Annual return

15.61%

-4.73 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.59M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

134

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.

60.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
WELLS FARGO BANK, N.A.6 years Filed as: WELLS FARGO ADVISORS, LLC Service code 27 401 S. TRYON ST · CHARLOTTE, NC 28081	Advisory (Plan)	$34,418
EAGLESTONE WEALTH MANAGEMENT3 years Filed as: EAGLESTONE RETIREMENT SERVICES Service code 13 11155 RED R1101 WOOTEN PKWY · ROCKVILLE, MD 20852	Contract Administrator	$8,050
BD & COMPANY INC3 years Service code 13 11155 RED RUN BLVD · OWINGS MILL, MD 21117	Contract Administrator	$4,000
AMERICAN FUNDS6 years Filed as: CAPITAL GROUP RETIREMENT PLAN SRV Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$325

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$975

$6 / participant

Recordkeeping$975100.0%

% of EOY assets

0.008%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: B D & COMPANY
Auditor EIN: 521322555
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,515

$55,472+56.0%

$155,567-44.4%

$74,546+16.1%

Participation rate

60.9%

61.9%-1.0pp

78.2%-17.3pp

67.2%-6.3pp

Annual return

15.61%

268.72%-253.1pp

64.74%-49.1pp

1366.03%-1350.4pp

Employer contribution / active EE

$2,591

$2,269+14.2%

$4,674-44.6%

$2,624-1.3%

Participant deferral / active EE

$5,346

$2,838+88.4%

$5,628-5.0%

$4,347+23.0%

Admin fee / account holder

$1,743-99.6%

$15,916-100.0%

$1,944-99.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6 years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 27

401 S. TRYON ST · CHARLOTTE, NC 28081

Advisory (Plan)

$34,418

EAGLESTONE WEALTH MANAGEMENT3 years

Filed as: EAGLESTONE RETIREMENT SERVICES

Service code 13

11155 RED R1101 WOOTEN PKWY · ROCKVILLE, MD 20852

Contract Administrator

$8,050

BD & COMPANY INC3 years

Service code 13

11155 RED RUN BLVD · OWINGS MILL, MD 21117

Contract Administrator

$4,000

AMERICAN FUNDS6 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SRV

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$325

LASER ASSETS & AFFILIATES 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LASER ASSETS & AFFILIATES 401K 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