Retirement plan

LIGON & LIGON, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: LIGON & LIGON, INC. - LIGON & LIGON, INC. 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: LIGON & LIGON, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIGON & LIGON, INC. 401(K) PROFIT SHARING PLAN & TRUST, LIGON & LIGON, INC.

LIGON & LIGON, INC.EIN 52-0566894Plan #002PY 2022

3310 RIDGEWOOD AVENUE - BALTIMORE, MD 21215410-542-7181ligonandligon.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#001Retirement-$7.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.4M

-12.2% from 2021

Total participants

+3.0% from 2021

Average account balance

$112,457

-12.2% from 2021

Annual return

-15.02%

-25.94 pp from 2021

Benchmarks

See 17,340 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort17,340 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.84M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

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.

120.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$838K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26105

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$480K

$9230 / participant

Other / not subdivided$480K100.0%

% of EOY assets

6.467%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,457

$64,729+73.7%

$112,263+0.2%

$68,490+64.2%

Participation rate

96.2%

67.2%+29.0pp

75.1%+21.1pp

67.9%+28.3pp

Annual return

-15.02%

-11.40%-3.6pp

27.49%-42.5pp

-7.85%-7.2pp

Employer contribution / active EE

$9,498

$2,746+245.9%

$3,636+161.2%

$2,597+265.8%

Participant deferral / active EE

$4,263

$3,566+19.6%

$4,729-9.9%

$4,028+5.8%

Admin fee / account holder

$7,272

$5,222+39.3%

$6,410+13.4%

$5,403+34.6%

LIGON & LIGON, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIGON & LIGON, INC. 401(K) PROFIT SHARING PLAN & 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