Retirement plan

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

Name: LIGON & LIGON, INC. - LIGON & LIGON, INC. 401(K) PROFIT SHARING PLAN & TRUST (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$8.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.8M

+18.8% from 2022

Total participants

-5.9% from 2022

Average account balance

$139,952

+24.4% from 2022

Annual return

13.57%

+28.59 pp from 2022

Benchmarks

See 18,032 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,032 peers

Snapshot2023

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

$436K

$8068 / participant

Other / not subdivided$436K100.0%

% of EOY assets

4.941%

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

$139,952

$73,988+89.2%

$96,538+45.0%

$75,177+86.2%

Participation rate

98.1%

66.4%+31.7pp

74.3%+23.8pp

67.2%+30.9pp

Annual return

13.57%

26.73%-13.2pp

35.74%-22.2pp

160.75%-147.2pp

Employer contribution / active EE

$10,190

$2,930+247.8%

$3,740+172.5%

$2,671+281.5%

Participant deferral / active EE

$4,765

$3,660+30.2%

$4,880-2.4%

$4,126+15.5%

Admin fee / account holder

$6,916

$5,220+32.5%

$6,737+2.6%

$5,651+22.4%

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