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 (2023) 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 2023

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)

$34.3M

+15.2% from 2022

Total participants

165

+12.2% from 2022

Average account balance

$212,871

+3.7% from 2022

Annual return

15.41%

+29.05 pp from 2022

Benchmarks

See 6,234 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,234 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
DEFINITI LLC3 years Service code 15 · EIN 85-0833363 2201 TIMBERLOCH PL · THE WOODLANDS, TX 77380	Recordkeeping	$30,565
COMMONWEALTH FINANCIAL NETWORK2 years Service code 26 · EIN 04-2675571 ONE UNIVERSITY OFFICE PARK · WALTHAM, MA 02453	Advisory (Participants)	$15,335
AB FUNDS4 years Filed as: ALLIANCE BERNSTEIN LP Service code 28 · EIN 13-4064930 1345 AVENUE OF THE AMERICAS · NEW YORK, NY 10105	Investment Management	$13,416
COMERICA BANK5 years Service code 28 · EIN 38-1998421 1717 MAIN ST · DALLAS, TX 75201	Investment Management	$11,155
LGT FINANCIAL ADVISORS LLC4 years Service code 26 · EIN 75-2808606 2626 HOWELL ST SUITE 700 · DALLAS, TX 75204	Advisory (Participants)	$10,892

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

$87K

$719 / participant

Recordkeeping$31K35.1%
Investment mgmt$51K58.4%
Other / not subdivided$6K6.4%

% of EOY assets

0.254%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$212,871

$91,424+132.8%

$135,942+56.6%

$71,495+197.7%

Participation rate

96.7%

75.7%+21.0pp

81.9%+14.8pp

67.9%+28.8pp

Annual return

15.41%

29.90%-14.5pp

68.28%-52.9pp

28.85%-13.4pp

Employer contribution / active EE

$7,743

$3,704+109.1%

$4,858+59.4%

$2,589+199.0%

Participant deferral / active EE

$10,097

$7,092+42.4%

$7,759+30.1%

$4,291+135.3%

Admin fee / account holder

$540

$1,266-57.3%

$10,764-95.0%

$1,588-66.0%

Provider

Service type

Compensation

DEFINITI LLC3 years

Service code 15 · EIN 85-0833363

2201 TIMBERLOCH PL · THE WOODLANDS, TX 77380

Recordkeeping

$30,565

COMMONWEALTH FINANCIAL NETWORK2 years

Service code 26 · EIN 04-2675571

ONE UNIVERSITY OFFICE PARK · WALTHAM, MA 02453

Advisory (Participants)

$15,335

AB FUNDS4 years

Filed as: ALLIANCE BERNSTEIN LP

Service code 28 · EIN 13-4064930

1345 AVENUE OF THE AMERICAS · NEW YORK, NY 10105

Investment Management

$13,416

COMERICA BANK5 years

Service code 28 · EIN 38-1998421

1717 MAIN ST · DALLAS, TX 75201

Investment Management

$11,155

LGT FINANCIAL ADVISORS LLC4 years

Service code 26 · EIN 75-2808606

2626 HOWELL ST SUITE 700 · DALLAS, TX 75204

Advisory (Participants)

$10,892

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