Retirement plan

Leap Group Holdings, Inc. 401(k) Plan

Name: LEAP GROUP HOLDINGS, INC. - LEAP GROUP HOLDINGS, INC. 401(K) PLAN (2024) Form 5500
Creator: LEAP GROUP HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEAP GROUP HOLDINGS, INC. 401(K) PLAN, LEAP GROUP HOLDINGS, INC.

Leap Group Holdings, Inc.EIN 47-3736028Plan #001PY 2024

3 2ND STREET SUITE 501 - JERSEY CITY, NJ 07302732-991-5782

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$5.8M

+20.0% from 2023

Total participants

228

+23.2% from 2023

Average account balance

$31,892

-5.6% from 2023

Annual return

15.10%

-17.20 pp from 2023

Benchmarks

See 1,016 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants100-249

Cohort1,016 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.84M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

183

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.

80.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$100

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE3 years Service code 15 · EIN 13-4155683 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$28,867
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$7,673
PREFERRED PENSION PLANNING1 year Filed as: PREFERED PENSION PLANNING Service code 14 · EIN 22-3200158 991 US HIGHWAY 22 · BRIDGEWATER, NJ 08807	Plan Administrator	$4,687
IRON-CO-FID-COMPREHENSIVE1 year Filed as: IRON FIDUCIARY Service code 26 · EIN 99-9552241 630 DUNDEE RD STE 215 · NORTHBROOK, IL 60062	Advisory (Participants)	$4,445
LPL FINANCIAL2 years Filed as: LPL FINANCIAL, LLC Service code 22 · EIN 95-2834236 ATTN COMMISSIONS, DEPT · SAN DIEGO, CA 92101	Insurance Broker	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$18K

$80 / participant

Contract admin$18K100.0%

% of EOY assets

0.312%

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: HILL, BARTH & KING LLC
Auditor EIN: 341897225
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,892

$79,013-59.6%

$100,391-68.2%

$74,495-57.2%

Participation rate

80.3%

79.5%+0.8pp

81.5%-1.2pp

67.2%+13.1pp

Annual return

15.10%

20.41%-5.3pp

49.20%-34.1pp

1364.94%-1349.8pp

Employer contribution / active EE

$2,002

$3,021-33.7%

$3,942-49.2%

$2,623-23.7%

Participant deferral / active EE

$3,784

$7,760-51.2%

$8,082-53.2%

$4,346-12.9%

Admin fee / account holder

$100

$1,320-92.5%

$7,899-98.7%

$1,942-94.9%

Provider

Service type

Compensation

NATIONWIDE3 years

Service code 15 · EIN 13-4155683

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$28,867

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$7,673

PREFERRED PENSION PLANNING1 year

Filed as: PREFERED PENSION PLANNING

Service code 14 · EIN 22-3200158

991 US HIGHWAY 22 · BRIDGEWATER, NJ 08807

Plan Administrator

$4,687

IRON-CO-FID-COMPREHENSIVE1 year

Filed as: IRON FIDUCIARY

Service code 26 · EIN 99-9552241

630 DUNDEE RD STE 215 · NORTHBROOK, IL 60062

Advisory (Participants)

$4,445

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL, LLC

Service code 22 · EIN 95-2834236

ATTN COMMISSIONS, DEPT · SAN DIEGO, CA 92101

Insurance Broker

Leap Group Holdings, Inc. 401(k) Plan

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Leap Group Holdings, Inc. 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