Retirement plan

LIFT OFF DISTRIBUTION, LLC 401(K) RETIREMENT PLAN

Name: LIFT OFF DISTRIBUTION, LLC - LIFT OFF DISTRIBUTION, LLC 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: LIFT OFF DISTRIBUTION, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFT OFF DISTRIBUTION, LLC 401(K) RETIREMENT PLAN, LIFT OFF DISTRIBUTION, LLC

LIFT OFF DISTRIBUTION, LLCEIN 52-2249114Plan #003PY 2024

7077 OAKLAND MILLS RD - COLUMBIA, MD 21046301-490-5542liftoffdc.comLinkedIn201-500 employeesfood & beverages

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.8M

+8.2% from 2023

Total participants

246

+15.5% from 2023

Average account balance

$35,008

-4.3% from 2023

Annual return

12.51%

-6.85 pp from 2023

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.84M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

224

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$919K

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

+12.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$187

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
COLUMBIA BENEFITS CONSULTANTS, INC.7 years Filed as: COLUMIBA BENEFITS CONSULTANTS Service code 14 · EIN 52-1904735 9841 BROKEN LAND PARKWAY · COLUMBIA, ME 21046	Plan Administrator	$19,033
LPL FINANCIAL7 years Service code 27 · EIN 95-2834236 9785 TOWNE CENTRE DRIVE · SAN DIEGO, CA 921211968	Advisory (Plan)	$14,794
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN TRUST Service code 13 · EIN 62-0951563	Contract Administrator	$8,060

Plan features & details

Pension benefit codes2G2J2K2T

Plan features

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.
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.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$42K

$223 / participant

Recordkeeping$27K64.7%
Investment mgmt$15K35.3%

% of EOY assets

0.534%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GROSS MENDELSOHN & ASSOCIATES, P.A.
Auditor EIN: 520982413
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,008

$88,203-60.3%

$165,100-78.8%

$74,478-53.0%

Participation rate

88.3%

73.1%+15.2pp

78.6%+9.7pp

67.2%+21.1pp

Annual return

12.51%

17.13%-4.6pp

70.21%-57.7pp

1370.56%-1358.0pp

Employer contribution / active EE

$2,312

$2,601-11.1%

$4,348-46.8%

$2,626-12.0%

Participant deferral / active EE

$2,574

$4,505-42.9%

$6,035-57.4%

$4,350-40.8%

Admin fee / account holder

$187

$2,235-91.6%

$12,696-98.5%

$1,946-90.4%

Provider

Service type

Compensation

COLUMBIA BENEFITS CONSULTANTS, INC.7 years

Filed as: COLUMIBA BENEFITS CONSULTANTS

Service code 14 · EIN 52-1904735

9841 BROKEN LAND PARKWAY · COLUMBIA, ME 21046

Plan Administrator

$19,033

LPL FINANCIAL7 years

Service code 27 · EIN 95-2834236

9785 TOWNE CENTRE DRIVE · SAN DIEGO, CA 921211968

Advisory (Plan)

$14,794

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN TRUST

Service code 13 · EIN 62-0951563

Contract Administrator

$8,060

LIFT OFF DISTRIBUTION, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFT OFF DISTRIBUTION, LLC 401(K) RETIREMENT 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