Retirement plan

LEADERONE FINANCIAL CORP. 401(K) PROFIT SHARING PLAN

Name: LEADERONE FINANCIAL CORP. - LEADERONE FINANCIAL CORP. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: LEADERONE FINANCIAL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEADERONE FINANCIAL CORP. 401(K) PROFIT SHARING PLAN, LEADERONE FINANCIAL CORP.

LEADERONE FINANCIAL CORP.EIN 48-1148159Plan #001PY 2024

7500 COLLEGE BLVD STE 1100 - OVERLAND PARK, KS 66210913-312-5706leaderonefinancial.comLinkedIn501-1000 employeesfinancial services

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$29.9M

+8.4% from 2023

Total participants

730

-3.3% from 2023

Average account balance

$66,841

+39.9% from 2023

Annual return

16.71%

-13.42 pp from 2023

Benchmarks

See 1,547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants250-999

Cohort1,547 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.88M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

447

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.

52.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+16.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-36

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 3 by compensation

Provider	Service type	Compensation
SIGMA FINANCIAL CORPORATION9 years Filed as: SIGMA FINANCIAL CORP Service code 55 · EIN 38-2472555	Other Commissions	$63,155
RICHEY MAY & CO LLP3 years Filed as: RICHEY MAY & CO Service code 10 · EIN 71-0911208	Accounting	$10,400
FIDELITY INVESTMENTS INSTITUTIONAL9 years Service code 37 · EIN 04-2647786	Loan Processing	-$26,187

Plan features & details

Pension benefit codes2F2G2J2K2T2E3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RICHEY MAY & CO, LLP
Auditor EIN: 710911208
Audit fees: $10,400
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$66,841

$129,227-48.3%

$184,256-63.7%

$77,762-14.0%

Participation rate

52.4%

87.4%-35.0pp

86.8%-34.5pp

70.6%-18.2pp

Annual return

16.71%

33.24%-16.5pp

28.85%-12.1pp

31.27%-14.6pp

Employer contribution / active EE

$888

$4,412-79.9%

$6,427-86.2%

$2,728-67.4%

Participant deferral / active EE

$3,957

$7,307-45.8%

$9,133-56.7%

$4,651-14.9%

Admin fee / account holder

-$36

$256-114.0%

$13,899-100.3%

$433-108.3%

Provider

Service type

Compensation

SIGMA FINANCIAL CORPORATION9 years

Filed as: SIGMA FINANCIAL CORP

Service code 55 · EIN 38-2472555

Other Commissions

$63,155

RICHEY MAY & CO LLP3 years

Filed as: RICHEY MAY & CO

Service code 10 · EIN 71-0911208

Accounting

$10,400

FIDELITY INVESTMENTS INSTITUTIONAL9 years

Service code 37 · EIN 04-2647786

Loan Processing

-$26,187

LEADERONE FINANCIAL CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEADERONE FINANCIAL CORP. 401(K) PROFIT SHARING 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