Retirement plan

LENSING, LENSING, CUNNINGHAM & HAGER, INC. PROFIT SHARING PLAN

Name: LENSING, LENSING, CUNNINGHAM & HAGER, INC. - LENSING, LENSING, CUNNINGHAM & HAGER, INC. PROFIT SHARING PLAN (2023) Form 5500
Creator: LENSING, LENSING, CUNNINGHAM & HAGER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LENSING, LENSING, CUNNINGHAM & HAGER, INC. PROFIT SHARING PLAN, LENSING, LENSING, CUNNINGHAM & HAGER, INC.

LENSING, LENSING, CUNNINGHAM & HAGER, INC.EIN 72-0459783Plan #002PY 2023

P. O. BOX 192, 500 LAKE STREET - LAKE PROVIDENCE, LA 71254318-559-2648llchins.comLinkedIn1-10 employeesinsurance

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-39.0% from 2022

Total participants

0.0% from 2022

Average account balance

$183,281

-39.0% from 2022

Annual return

-6.37%

-13.53 pp from 2022

Benchmarks

See 36,154 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,154 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.64M

Not enough data

1 years with asset history on file

Average account balance

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

$273K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$75K

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

+5.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1743

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 codes2E2G2R3D2F

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

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.

Expense breakdown

Schedule H Part II

Admin total

$869K

$144779 / participant

Other / not subdivided$869K100.0%

% of EOY assets

59.245%

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

$183,281

$185,905-1.4%

$170,057+7.8%

$139,487+31.4%

Participation rate

100.0%

87.8%+12.2pp

87.0%+13.0pp

80.3%+19.7pp

Annual return

-6.37%

60.56%-66.9pp

53.42%-59.8pp

373.84%-380.2pp

Employer contribution / active EE

$11,165

$7,597+47.0%

$6,790+64.4%

$4,755+134.8%

Participant deferral / active EE

$11,627-100.0%

$10,411-100.0%

$6,713-100.0%

Admin fee / account holder

$108,584

$15,397+605.2%

$12,826+746.6%

$11,407+851.9%

LENSING, LENSING, CUNNINGHAM & HAGER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LENSING, LENSING, CUNNINGHAM & HAGER, INC. PROFIT SHARING 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