Retirement plan

LANE GORMAN TRUBITT, LLC 401(K) PROFIT SHARING PLAN

Name: LANE GORMAN TRUBITT, LLC - LANE GORMAN TRUBITT, LLC 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: LANE GORMAN TRUBITT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANE GORMAN TRUBITT, LLC 401(K) PROFIT SHARING PLAN, LANE GORMAN TRUBITT, LLC

LANE GORMAN TRUBITT, LLCEIN 75-1044330Plan #001PY 2019

2626 HOWELL ST. SUITE 700 - DALLAS, TX 75204214-871-7500lgt-cpa.comLinkedIn51-200 employeesaccounting

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$29.7M

+9.9% from 2018

Total participants

130

+5.7% from 2018

Average account balance

$228,755

+3.9% from 2018

Annual return

16.56%

+20.06 pp from 2018

Benchmarks

See 25,911 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,911 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.43M

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

159

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.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$337

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 7 by compensation

Provider	Service type	Compensation
AMERICA'S 401K, INC.1 year Filed as: AMERICA'S 401(K), INC. Service code 15 · EIN 75-2261114 8131 LBJ FREEWAY, SUITE 770 · DALLAS, TX 75251	Recordkeeping	$38,159
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: MEEDER ADVISORY SERVICES, INC. Service code 28 · EIN 31-1332744 6125 MEMORIAL DR. · DUBLIN, OH 43017	Investment Management	$25,725
ISC ADVISORS INC2 years Filed as: ISC ADVISORS, INC. Service code 27 · EIN 75-2516119 3500 OAKLAWN AVE., STE. 400 · DALLAS, TX 75219	Advisory (Plan)	$25,592
AB FUNDS1 year Filed as: ALLIANCEBERNSTEIN, L.P. Service code 28 · EIN 13-4064930 1345 AVENUE OF THE AMERICAS · NEW YORK, NY 10105	Investment Management	$18,275
LGT FINANCIAL ADVISORS LLC2 years Filed as: LGT FINANCIAL ADVISORS, LLC Service code 28 · EIN 75-2808606 2626 HOWELL ST., SUITE 700 · DALLAS, TX 75204	Investment Management	$12,073
COMERICA BANK1 year Service code 28 · EIN 38-1998421 1717 MAIN ST. · DALLAS, TX 75201	Investment Management	$8,662
MATRIX TRUST COMPANY2 years Service code 19 717 17TH ST. · DENVER, CO 80201	Securities Custodian	$7,516

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

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

$139K

$1490 / participant

Investment mgmt$91K65.7%
Other / not subdivided$47K34.3%

% of EOY assets

0.466%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KPM CPAS & ADVISORS
Auditor EIN: 431109768
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$228,755

$89,367+156.0%

$141,191+62.0%

$72,975+213.5%

Participation rate

100.0%

75.1%+24.9pp

82.5%+17.5pp

69.5%+30.5pp

Annual return

16.56%

111.87%-95.3pp

71.41%-54.8pp

81.01%-64.4pp

Employer contribution / active EE

$7,743

$3,115+148.6%

$4,736+63.5%

$2,440+217.3%

Participant deferral / active EE

$9,711

$5,419+79.2%

$6,710+44.7%

$3,608+169.2%

Admin fee / account holder

$1,066

$5,957-82.1%

$10,264-89.6%

$5,124-79.2%

Provider

Service type

Compensation

AMERICA'S 401K, INC.1 year

Filed as: AMERICA'S 401(K), INC.

Service code 15 · EIN 75-2261114

8131 LBJ FREEWAY, SUITE 770 · DALLAS, TX 75251

Recordkeeping

$38,159

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: MEEDER ADVISORY SERVICES, INC.

Service code 28 · EIN 31-1332744

6125 MEMORIAL DR. · DUBLIN, OH 43017

Investment Management

$25,725

ISC ADVISORS INC2 years

Filed as: ISC ADVISORS, INC.

Service code 27 · EIN 75-2516119

3500 OAKLAWN AVE., STE. 400 · DALLAS, TX 75219

Advisory (Plan)

$25,592

AB FUNDS1 year

Filed as: ALLIANCEBERNSTEIN, L.P.

Service code 28 · EIN 13-4064930

1345 AVENUE OF THE AMERICAS · NEW YORK, NY 10105

Investment Management

$18,275

LGT FINANCIAL ADVISORS LLC2 years

Filed as: LGT FINANCIAL ADVISORS, LLC

Service code 28 · EIN 75-2808606

2626 HOWELL ST., SUITE 700 · DALLAS, TX 75204

Investment Management

$12,073

COMERICA BANK1 year

Service code 28 · EIN 38-1998421

1717 MAIN ST. · DALLAS, TX 75201

Investment Management

$8,662

MATRIX TRUST COMPANY2 years

Service code 19

717 17TH ST. · DENVER, CO 80201

Securities Custodian

$7,516

LANE GORMAN TRUBITT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANE GORMAN TRUBITT, LLC 401(K) 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