Retirement plan

LMB, INC. 401(K) PLAN

Name: LMBI, L.P. - LMB, INC. 401(K) PLAN (2019) Form 5500
Creator: LMBI, L.P.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LMB, INC. 401(K) PLAN, LMBI, L.P.

LMBI, L.P.EIN 75-2024816Plan #001PY 2019

201 MAIN STREET STE 2700 - FORT WORTH, TX 76102817-390-8540LinkedIn201-500 employeesranching

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$13.9M

+31.1% from 2018

Total participants

249

+3.3% from 2018

Average account balance

$76,852

+28.2% from 2018

Annual return

22.84%

+27.87 pp from 2018

Benchmarks

See 470 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort470 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.81M

Not enough data

1 years with asset history on file

Average account balance

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

$113K

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.

176

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.

74.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+17.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$141

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 4 by compensation

Provider	Service type	Compensation
KPMG LLP4 years Service code 10 · EIN 13-5565207	Accounting	$25,000
LPL FINANCIAL1 year Service code 27 · EIN 04-3046611	Advisory (Plan)	$11,130
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 70 · EIN 36-4019175	Consulting Fees	$4,069
FIDELITY INVESTMENTS INSTITUTIONAL5+ years Service code 60 · EIN 04-2647786	Sub-TA Fees	$25

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$41K

$186 / participant

Other / not subdivided$41K100.0%

% of EOY assets

0.295%

all-in expense ratio

Categories reported

0 / 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: KPMG
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,852

$54,045+42.2%

$115,170-33.3%

$65,185+17.9%

Participation rate

69.2%

63.5%+5.7pp

75.9%-6.7pp

70.2%-1.0pp

Annual return

22.84%

26.55%-3.7pp

35.60%-12.8pp

29.38%-6.5pp

Employer contribution / active EE

$1,920

$1,653+16.2%

$3,179-39.6%

$2,177-11.8%

Participant deferral / active EE

$2,584

$2,504+3.2%

$4,169-38.0%

$3,514-26.5%

Admin fee / account holder

$227

$626-63.8%

$7,089-96.8%

$847-73.2%

Provider

Service type

Compensation

KPMG LLP4 years

Service code 10 · EIN 13-5565207

Accounting

$25,000

LPL FINANCIAL1 year

Service code 27 · EIN 04-3046611

Advisory (Plan)

$11,130

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 70 · EIN 36-4019175

Consulting Fees

$4,069

FIDELITY INVESTMENTS INSTITUTIONAL5+ years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$25

LMB, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LMB, INC. 401(K) 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