Retirement plan

LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND TRUST

Name: M. LIPSITZ & CO., LTD. - LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: M. LIPSITZ & CO., LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND TRUST, M. LIPSITZ & CO., LTD.

M. LIPSITZ & CO., LTD.EIN 74-1474940Plan #001PY 2024

100 ELM STREET - WACO, TX 76704254-756-6661

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$19.5M

+9.0% from 2023

Total participants

269

-3.9% from 2023

Average account balance

$78,480

+7.2% from 2023

Annual return

9.57%

-2.47 pp from 2023

Benchmarks

See 2,352 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,352 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.54M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

249

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$977K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: NA NA Service code 10 · EIN 13-2624428 401 W HIGHWAY 6 · WACO, TX 767020725	Accounting	$6,000
WORLD INVESTMENT ADVISORS LLC1 year Service code 27 · EIN 13-2624428 24 E COTA ST TSE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$5,444
JPMORGAN INVEST HOLDINGS LLC5 years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$1,405

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$55 / participant

Recordkeeping$1K10.9%
Investment mgmt$5K42.4%
Other / not subdivided$6K46.7%

% of EOY assets

0.066%

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: PATTILLO, BROWN & HILL, L.L.P
Auditor EIN: 741130599
Audit fees: $6,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,480

$88,087-10.9%

$164,866-52.4%

$74,546+5.3%

Participation rate

91.5%

73.1%+18.4pp

78.6%+12.8pp

67.2%+24.2pp

Annual return

9.57%

17.27%-7.7pp

69.97%-60.4pp

1366.03%-1356.5pp

Employer contribution / active EE

$2,169

$2,595-16.4%

$4,343-50.1%

$2,624-17.4%

Participant deferral / active EE

$2,007

$4,499-55.4%

$6,033-66.7%

$4,347-53.8%

Admin fee / account holder

$52

$2,232-97.7%

$12,689-99.6%

$1,944-97.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: NA NA

Service code 10 · EIN 13-2624428

401 W HIGHWAY 6 · WACO, TX 767020725

Accounting

$6,000

WORLD INVESTMENT ADVISORS LLC1 year

Service code 27 · EIN 13-2624428

24 E COTA ST TSE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$5,444

JPMORGAN INVEST HOLDINGS LLC5 years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$1,405

LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND 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