Retirement plan

THE LAITRAM EMPLOYEES' INCENTIVE SAVINGS PLAN

Name: LAITRAM LLC - THE LAITRAM EMPLOYEES' INCENTIVE SAVINGS PLAN (2023) 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 2023

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)

$516M

-10.7% from 2016

Total participants

3,106

-9.7% from 2016

Average account balance

$166,995

+0.7% from 2016

Annual return

22.83%

-5.68 pp from 2016

Benchmarks

See 146 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort146 peers

Snapshot2023

Participant deferral / active EE

$8,330

median $5,471

Employer contribution / active EE

$7,341

median $2,634

Participation rate

99.4%

median 93.6%

Avg account balance

$166,995

median $80,730

Admin fee / account holder

$45

median $88

Annual return

22.83%

median 18.51%

Overall peer rank

82of 100

82nd percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$614.15M

Average account balance

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

$200K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

3,074

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

82.1%

Contributions (total)

Employer and participant dollars contributed each year

$42.68M

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.26%

Admin fee / account holder

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

$20

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$101,119
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICE, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$22,500
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$15,563

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

$139K

$54 / participant

Recordkeeping$38K27.0%
Investment mgmt$101K72.6%
Contract admin$6000.4%

% of EOY assets

0.027%

all-in expense ratio

Categories reported

3 / 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

$166,995

$136,853+22.0%

$130,298+28.2%

$80,187+108.3%

Participation rate

99.4%

81.6%+17.7pp

76.3%+23.1pp

72.9%+26.4pp

Annual return

22.83%

22.66%+0.2pp

38.90%-16.1pp

40.40%-17.6pp

Employer contribution / active EE

$7,341

$3,395+116.2%

$4,128+77.8%

$2,980+146.4%

Participant deferral / active EE

$8,330

$5,856+42.2%

$6,790+22.7%

$5,016+66.1%

Admin fee / account holder

$45

$184-75.5%

$6,025-99.3%

$145-68.9%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$101,119

UBS FINANCIAL SERVICES INC4 years

Filed as: UBS FINANCIAL SERVICE, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$22,500

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$15,563

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