Retirement plan

LANGSTON COMPANIES, INC. 401(K) RETIREMENT PLAN

Name: LANGSTON COMPANIES, INC. - LANGSTON COMPANIES, INC. 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: LANGSTON COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANGSTON COMPANIES, INC. 401(K) RETIREMENT PLAN, LANGSTON COMPANIES, INC.

LANGSTON COMPANIES, INC.EIN 62-0442511Plan #001PY 2023

1760 SOUTH THIRD STREET, P.O. BOX 60 - MEMPHIS, TN 381010060901-774-4444langstonbag.comLinkedIn201-500 employeespackaging and containers

Prospect flagsLow returnsHigh feesLow participationLow assets / participantLow employer contributionLow participant contribution

Top hat statement on fileNQDC

Filed April 8, 2016 (most recent of 2 filings on file)

Plan administrator

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1760 South Third Street

Memphis State: TN Zip Code: 38109

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Plans declared (1)

Plan name not on file4 emp

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Total assets (EOY)

$3.8M

-10.6% from 2022

Total participants

211

+2.9% from 2022

Average account balance

$27,055

-9.3% from 2022

Annual return

-4.88%

-5.41 pp from 2022

Benchmarks

See 4,137 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.72M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

132

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.

51.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$419K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+4.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$350

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
BURLEIGH CONSULTING GROUP2 years Filed as: BURLEIGH CONSULTING GROUP, INC. Service code 17 · EIN 62-0842964 465 JACK KRAMER DRIVE · MEMPHIS, TN 38117	Pension Consulting	$27,200
DIVERSIFIED TRUST COMPANY8+ years Service code 28 · EIN 62-1554452 6075 POPLAR AVENUE · MEMPHIS, TN 38119	Investment Management	$20,350
REYNOLDS, BONE & GRIESBECK PLC8+ years Filed as: REYNOLDS, BONE & GRIESBECK, PLC Service code 10 · EIN 62-0428728 5100 WHEELIS DRIVE · MEMPHIS, TN 38117	Accounting	$9,200

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

6 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$57K

$346 / participant

Investment mgmt$20K35.9%
Other / not subdivided$36K64.1%

% of EOY assets

1.509%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REYNOLDS, BONE & GRIESBECK, PLC
Auditor EIN: 620428728
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,055

$76,112-64.5%

$96,534-72.0%

$71,511-62.2%

Participation rate

56.1%

74.4%-18.3pp

76.0%-19.9pp

67.9%-11.8pp

Annual return

-4.88%

22.81%-27.7pp

25.88%-30.8pp

28.86%-33.7pp

Employer contribution / active EE

$331

$2,248-85.3%

$2,965-88.8%

$2,589-87.2%

Participant deferral / active EE

$1,680

$4,217-60.2%

$4,851-65.4%

$4,291-60.8%

Admin fee / account holder

$408

$2,708-84.9%

$8,253-95.1%

$1,588-74.3%

Provider

Service type

Compensation

BURLEIGH CONSULTING GROUP2 years

Filed as: BURLEIGH CONSULTING GROUP, INC.

Service code 17 · EIN 62-0842964

465 JACK KRAMER DRIVE · MEMPHIS, TN 38117

Pension Consulting

$27,200

DIVERSIFIED TRUST COMPANY8+ years

Service code 28 · EIN 62-1554452

6075 POPLAR AVENUE · MEMPHIS, TN 38119

Investment Management

$20,350

REYNOLDS, BONE & GRIESBECK PLC8+ years

Filed as: REYNOLDS, BONE & GRIESBECK, PLC

Service code 10 · EIN 62-0428728

5100 WHEELIS DRIVE · MEMPHIS, TN 38117

Accounting

$9,200

LANGSTON COMPANIES, INC. 401(K) RETIREMENT 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

LANGSTON COMPANIES, INC. 401(K) RETIREMENT 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