Retirement plan

THE LAWRENCE GROUP COMPANIES 401(K) PLAN

Name: G. M. LAWRENCE & CO. - THE LAWRENCE GROUP COMPANIES 401(K) PLAN (2024) Form 5500
Creator: G. M. LAWRENCE & CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LAWRENCE GROUP COMPANIES 401(K) PLAN, G. M. LAWRENCE & CO.

G. M. LAWRENCE & CO.EIN 46-4308986Plan #001PY 2024

1201 DEMONBREUN STREET, SUITE 1460 - NASHVILLE, TN 37203615-257-7081LinkedIn51-200 employeesfarming

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$96.2M

+8.5% from 2023

Total participants

1,387

-1.4% from 2023

Average account balance

$87,162

+13.3% from 2023

Annual return

14.22%

-1.08 pp from 2023

Benchmarks

See 1,551 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,551 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$96.23M

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.

1,104

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.

70.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.33M

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

+14.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$294

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 6 by compensation

Provider	Service type	Compensation
ACUFF & ASSOCIATES, INC.3 years Filed as: ACUFF & ASSOCIATES INC Service code 13 · EIN 62-1477251 320 SEVEN SPRINGS WY STE 115 · BRENTWOOD, TN 37027	Contract Administrator	$75,210
MERCER2 years Filed as: MERCER GLOBAL ADVISORS INC Service code 27 1200 17TH ST STE 500 · DENVER, CO 80202	Advisory (Plan)	$68,473
AON CONSULTING2 years Filed as: AON RISK SERVICES SOUTH INC. Service code 99 PO BOX 955816 · ST LOUIS, MO 631955816	Other Fees	$57,994
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$13,352
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSON ALLEN WEALTH ADVISOR Service code 10 P.O. BOX 829709 · PHILADELPHIA, PA 19182	Accounting	$8,400
BASS, BERRY & SIMS PLC5 years Service code 29 · EIN 62-0125540 150 THIRD AVENUE SOUTH, SUITE 2800 · NASHVILLE, TN 37201	Legal	$3,434

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H

Plan features

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.
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

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

$325K

$345 / participant

Contract admin$325K100.0%

% of EOY assets

0.338%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,162

$129,021-32.4%

$184,203-52.7%

$77,643+12.3%

Participation rate

70.0%

87.3%-17.4pp

86.8%-16.9pp

70.6%-0.6pp

Annual return

14.22%

33.27%-19.1pp

28.81%-14.6pp

31.24%-17.0pp

Employer contribution / active EE

$2,670

$4,413-39.5%

$6,427-58.5%

$2,726-2.0%

Participant deferral / active EE

$5,109

$7,297-30.0%

$9,131-44.0%

$4,647+9.9%

Admin fee / account holder

$294

$254+15.9%

$13,901-97.9%

$430-31.6%

Provider

Service type

Compensation

ACUFF & ASSOCIATES, INC.3 years

Filed as: ACUFF & ASSOCIATES INC

Service code 13 · EIN 62-1477251

320 SEVEN SPRINGS WY STE 115 · BRENTWOOD, TN 37027

Contract Administrator

$75,210

MERCER2 years

Filed as: MERCER GLOBAL ADVISORS INC

Service code 27

1200 17TH ST STE 500 · DENVER, CO 80202

Advisory (Plan)

$68,473

AON CONSULTING2 years

Filed as: AON RISK SERVICES SOUTH INC.

Service code 99

PO BOX 955816 · ST LOUIS, MO 631955816

Other Fees

$57,994

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$13,352

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSON ALLEN WEALTH ADVISOR

Service code 10

P.O. BOX 829709 · PHILADELPHIA, PA 19182

Accounting

$8,400

BASS, BERRY & SIMS PLC5 years

Service code 29 · EIN 62-0125540

150 THIRD AVENUE SOUTH, SUITE 2800 · NASHVILLE, TN 37201

Legal

$3,434

THE LAWRENCE GROUP COMPANIES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LAWRENCE GROUP COMPANIES 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