Retirement plan

J.P. LAMBORN CO. 401(K) PROFIT SHARING PLAN

Name: JP LAMBORN CO., INC - J.P. LAMBORN CO. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: JP LAMBORN CO., INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J.P. LAMBORN CO. 401(K) PROFIT SHARING PLAN, JP LAMBORN CO., INC

JP LAMBORN CO., INCEIN 77-0035994Plan #002PY 2020

3663 E WAWONA AVE. - FRESNO, CA 93725559-650-2120LinkedIn1-10 employees

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.4M

+7.8% from 2019

Total participants

183

-3.2% from 2019

Average account balance

$82,639

+79.3% from 2019

Annual return

9.28%

-8.76 pp from 2019

Benchmarks

See 1,894 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,894 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.21M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

195

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$973K

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

+10.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$488

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
ROUSH INVESTMENTS LLC5 years Service code 10 · EIN 27-2442762	Accounting	$44,626
NATIONWIDE5 years Service code 13 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Contract Administrator	$27,277
PENTEGRA SERVICES, INC.1 year Filed as: PENTEGRA SERVICES INC Service code 14 · EIN 13-3745616 6830 COMMERCE COURT DR · BLACKLICK, OH 43004	Plan Administrator	$13,001
ACTIVE GRAPHICS, IC.1 year Filed as: ACTIVE CORE-PASSICE THRU TARGETDATE Service code 26 · EIN 26-2409128 630 DUNDEE ROAD · NORTHBROOK, IL 60062	Advisory (Participants)	$2,694
IRON-CO-FID-COMPREHENSIVE5 years Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE Service code 26 · EIN 26-2409128	Advisory (Participants)	$1,129
TAG RESOURCES, LLC5 years Service code 14 · EIN 62-1874769	Plan Administrator	$290

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2T

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.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$89K

$527 / participant

Contract admin$89K100.0%

% of EOY assets

1.210%

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: PLANCHEC(K) CPA'S LLC
Auditor EIN: 842614035
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,639

$70,917+16.5%

$98,920-16.5%

$73,497+12.4%

Participation rate

44.4%

73.8%-29.4pp

76.0%-31.7pp

70.7%-26.3pp

Annual return

9.28%

34.18%-24.9pp

196.47%-187.2pp

28.51%-19.2pp

Employer contribution / active EE

$1,296

$2,037-36.4%

$2,689-51.8%

$2,270-42.9%

Participant deferral / active EE

$1,727

$3,501-50.7%

$4,245-59.3%

$3,740-53.8%

Admin fee / account holder

$1,000

$535+87.0%

$6,643-84.9%

$513+94.9%

Provider

Service type

Compensation

ROUSH INVESTMENTS LLC5 years

Service code 10 · EIN 27-2442762

Accounting

$44,626

NATIONWIDE5 years

Service code 13 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Contract Administrator

$27,277

PENTEGRA SERVICES, INC.1 year

Filed as: PENTEGRA SERVICES INC

Service code 14 · EIN 13-3745616

6830 COMMERCE COURT DR · BLACKLICK, OH 43004

Plan Administrator

$13,001

ACTIVE GRAPHICS, IC.1 year

Filed as: ACTIVE CORE-PASSICE THRU TARGETDATE

Service code 26 · EIN 26-2409128

630 DUNDEE ROAD · NORTHBROOK, IL 60062

Advisory (Participants)

$2,694

IRON-CO-FID-COMPREHENSIVE5 years

Filed as: IRON-CO-FID-INDEX-COMPREHENSIVE

Service code 26 · EIN 26-2409128

Advisory (Participants)

$1,129

TAG RESOURCES, LLC5 years

Service code 14 · EIN 62-1874769

Plan Administrator

$290

J.P. LAMBORN CO. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J.P. LAMBORN CO. 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