Retirement plan

LEADING TECHNOLOGY COMPOSITES INC. PROFIT SHARING/401(K) PLAN AND TRUST

Name: LEADING TECHNOLOGY COMPOSITES INC. - LEADING TECHNOLOGY COMPOSITES INC. PROFIT SHARING/401(K) PLAN AND TRUST (2024) Form 5500
Creator: LEADING TECHNOLOGY COMPOSITES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEADING TECHNOLOGY COMPOSITES INC. PROFIT SHARING/401(K) PLAN AND TRUST, LEADING TECHNOLOGY COMPOSITES INC.

LEADING TECHNOLOGY COMPOSITES INC.EIN 48-1141008Plan #001PY 2024

2626 WEST MAY - WICHITA, KS 67213785-537-0366ltc-ltc.comLinkedIn201-500 employeesdefense & space

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$12.7M

+25.2% from 2023

Total participants

559

+8.5% from 2023

Average account balance

$29,858

+15.8% from 2023

Annual return

12.78%

-6.95 pp from 2023

Benchmarks

See 1,163 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,163 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.72M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

426

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.

71.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$104

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 2 by compensation

Provider	Service type	Compensation
KEATING FINANCIAL ADVISORY SERVICES6 years Service code 15 1011 POYNTZ AVE · MANHATTAN, KS 66502	Recordkeeping	$34,832
NATIONWIDE10+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43251	Recordkeeping	$28,650

Plan features & details

Pension benefit codes2E2F2T2J2K3D2S

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).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

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

$44K

$95 / participant

Recordkeeping$3K6.4%
Investment mgmt$35K78.4%
Contract admin$7K15.1%

% of EOY assets

0.349%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ADAMS BROWN, LLC
Auditor EIN: 843541096
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,858

$92,090-67.6%

$106,201-71.9%

$77,671-61.6%

Participation rate

71.5%

81.0%-9.6pp

75.3%-3.8pp

70.6%+0.9pp

Annual return

12.78%

17.89%-5.1pp

116.26%-103.5pp

31.21%-18.4pp

Employer contribution / active EE

$1,346

$3,368-60.0%

$3,170-57.5%

$2,726-50.6%

Participant deferral / active EE

$2,783

$5,386-48.3%

$5,012-44.5%

$4,648-40.1%

Admin fee / account holder

$104

$219-52.4%

$11,039-99.1%

$430-75.8%

Provider

Service type

Compensation

KEATING FINANCIAL ADVISORY SERVICES6 years

Service code 15

1011 POYNTZ AVE · MANHATTAN, KS 66502

Recordkeeping

$34,832

NATIONWIDE10+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43251

Recordkeeping

$28,650

LEADING TECHNOLOGY COMPOSITES INC. PROFIT SHARING/401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEADING TECHNOLOGY COMPOSITES INC. PROFIT SHARING/401(K) PLAN AND TRUST

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