Retirement plan

THE LAITRAM EMPLOYEES' INCENTIVE SAVINGS PLAN

Name: LAITRAM LLC - THE LAITRAM EMPLOYEES' INCENTIVE SAVINGS PLAN (2024) Form 5500
Creator: LAITRAM LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LAITRAM EMPLOYEES' INCENTIVE SAVINGS PLAN, LAITRAM LLC

LAITRAM LLCEIN 76-0719479Plan #002PY 2024

P.O. BOX 50699 - NEW ORLEANS, LA 70150504-733-6000laitram.comLinkedIn1001-5000 employeesmachinery

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$614.1M

+19.0% from 2023

Total participants

3,578

+15.2% from 2023

Average account balance

$199,788

+19.6% from 2023

Annual return

19.26%

-3.57 pp from 2023

Benchmarks

See 154 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort154 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$614.15M

Not enough data

1 years with asset history on file

Average account balance

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

$200K

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.

3,074

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+19.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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 1 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.10+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$95,139

Plan features & details

Pension benefit codes2G2J2R3D3H

Plan features

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$63K

$22 / participant

Investment mgmt$95K152.1%
Contract admin$6001.0%

% of EOY assets

0.010%

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: WEGMANN DAZET APC
Auditor EIN: 720870824
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$199,788

$148,970+34.1%

$136,072+46.8%

$199,960-0.1%

Participation rate

82.1%

79.4%+2.7pp

76.4%+5.6pp

72.0%+10.1pp

Annual return

19.26%

27.07%-7.8pp

580.46%-561.2pp

34.28%-15.0pp

Employer contribution / active EE

$7,036

$3,561+97.6%

$4,216+66.9%

$3,036+131.8%

Participant deferral / active EE

$8,146

$6,140+32.7%

$7,028+15.9%

$5,087+60.1%

Admin fee / account holder

$20

$144-85.9%

$6,718-99.7%

$269-92.4%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.10+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$95,139

THE LAITRAM EMPLOYEES' INCENTIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LAITRAM EMPLOYEES' INCENTIVE SAVINGS 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