Retirement plan

LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN

Name: LARRY AND CLIFF ENTERPRISES, INC. - LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN (2024) Form 5500
Creator: LARRY AND CLIFF ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN, LARRY AND CLIFF ENTERPRISES, INC.

LARRY AND CLIFF ENTERPRISES, INC.EIN 77-0529904Plan #001PY 2024

3887 N VALENTINE AVE - FRESNO, CA 93722559-360-7551

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$15.6M

+43.5% from 2023

Total participants

-4.8% from 2023

Average account balance

$779,010

+50.6% from 2023

Annual return

42.48%

+35.48 pp from 2023

Benchmarks

See 54,761 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,761 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.58M

Not enough data

1 years with asset history on file

Average account balance

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

$779K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$179K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+42.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6509

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2I2P2Q

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$130K

$8679 / participant

Other / not subdivided$130K100.0%

% of EOY assets

0.836%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$779,010

$110,410+605.6%

$102,437+660.5%

$145,897+433.9%

Participation rate

100.0%

77.9%+22.1pp

74.5%+25.5pp

80.3%+19.7pp

Annual return

42.48%

24.85%+17.6pp

24.95%+17.5pp

552.29%-509.8pp

Employer contribution / active EE

$11,939

$4,217+183.1%

$3,871+208.4%

$4,663+156.1%

Participant deferral / active EE

$5,622-100.0%

$5,060-100.0%

$6,689-100.0%

Admin fee / account holder

$6,509

$9,745-33.2%

$8,388-22.4%

$13,390-51.4%

LC SERVICES EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LC SERVICES EMPLOYEE STOCK OWNERSHIP 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