Retirement plan

LANDMARK BUILDERS PROFIT SHARING AND RETIREMENT SAVINGS PLAN

Name: LANDMARK BUILDERS, INC. - LANDMARK BUILDERS PROFIT SHARING AND RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: LANDMARK BUILDERS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANDMARK BUILDERS PROFIT SHARING AND RETIREMENT SAVINGS PLAN, LANDMARK BUILDERS, INC.

LANDMARK BUILDERS, INC.EIN 56-1109168Plan #001PY 2016

3520 TRIAD CT - WINSTON SALEM, NC 271074571336-784-2000landmarkbuilders.comLinkedIn51-200 employeesconstruction

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed September 29, 2017

Plan administrator

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3520 Triad Court

Winston Salem State: NC Zip Code: 27107

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Plans declared (1)

Landmark Builders, Inc. Discretionary Deferred Compensation Plan3 emp

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Total assets (EOY)

$10.6M

No prior year

Total participants

152

No prior year

Average account balance

$87,164

No prior year

Annual return

7.61%

No prior year

Benchmarks

See 2,382 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,382 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$31.01M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

255

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$483

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2+ years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611	Advisory (Plan)	$25,669
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290	Contract Administrator	$16,600
DMJ & CO., PLLC1+ years Filed as: DMJ & CO PLLC Service code 10 · EIN 56-0570567	Accounting	$9,000

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$26K

$186 / participant

Contract admin$17K64.8%
Other / not subdivided$9K35.2%

% of EOY assets

0.241%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DMJ & CO., PLLC
Auditor EIN: 560570567
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,164

$52,884+64.8%

$84,750+2.8%

$55,167+58.0%

Participation rate

78.3%

67.5%+10.7pp

76.6%+1.7pp

69.0%+9.3pp

Annual return

7.61%

18.03%-10.4pp

22.78%-15.2pp

169.23%-161.6pp

Employer contribution / active EE

$1,018

$2,233-54.4%

$3,574-71.5%

$1,963-48.2%

Participant deferral / active EE

$4,621

$2,644+74.8%

$3,712+24.5%

$3,054+51.3%

Admin fee / account holder

$210

$581-63.9%

$5,332-96.1%

$504-58.4%

Provider

Service type

Compensation

LPL FINANCIAL2+ years

Filed as: LPL FINANCIAL LLC - RPCP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$25,669

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$16,600

DMJ & CO., PLLC1+ years

Filed as: DMJ & CO PLLC

Service code 10 · EIN 56-0570567

Accounting

$9,000

LANDMARK BUILDERS PROFIT SHARING AND RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANDMARK BUILDERS PROFIT SHARING AND RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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