Retirement plan

LANZO COMPANIES EMPLOYEE RETIREMENT PLAN & TRUST

Name: LANZO COMPANIES, INC. - LANZO COMPANIES EMPLOYEE RETIREMENT PLAN & TRUST (2023) Form 5500
Creator: LANZO COMPANIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANZO COMPANIES EMPLOYEE RETIREMENT PLAN & TRUST, LANZO COMPANIES, INC.

LANZO COMPANIES, INC.EIN 81-1005288Plan #003PY 2023

125 SE 5TH COURT - DEERFIELD BEACH, FL 33441954-979-0802

Prospect flagsLow returnsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$4.6M

+4.1% from 2022

Total participants

119

-15.0% from 2022

Average account balance

$58,365

+37.5% from 2022

Annual return

12.42%

+23.31 pp from 2022

Benchmarks

See 18,059 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants25-99

Cohort18,059 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.79M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

79.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$296K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19852

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION6+ years Service code 13 · EIN 35-1140070 1300 S CLINTON STREET · FORT WAYNE, IN 46801	Contract Administrator	$0
PENSION SERVICES, INC.3 years Filed as: PENSION SERVICES INC. Service code 15 · EIN 65-0158316 3150 S.W. 38'TH AVENUE, SUITE 900 · MIAMI, FL 33146	Recordkeeping	$0
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES & ASSOC INC Service code 27 PO BOX 236441 · ST. PETERBSBURG, FL 33742	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$19K

$205 / participant

Contract admin$19K100.0%

% of EOY assets

0.423%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BENITEZ & COMPANY CPAS, LLC
Auditor EIN: 800649092
Audit fees: $0
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,365

$73,933-21.1%

$96,683-39.6%

$75,163-22.3%

Participation rate

56.4%

66.4%-10.0pp

74.3%-18.0pp

67.2%-10.8pp

Annual return

12.42%

26.70%-14.3pp

35.69%-23.3pp

160.62%-148.2pp

Employer contribution / active EE

$530

$2,928-81.9%

$3,737-85.8%

$2,670-80.1%

Participant deferral / active EE

$2,581

$3,659-29.4%

$4,878-47.1%

$4,125-37.4%

Admin fee / account holder

$247

$5,216-95.3%

$6,730-96.3%

$5,651-95.6%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION6+ years

Service code 13 · EIN 35-1140070

1300 S CLINTON STREET · FORT WAYNE, IN 46801

Contract Administrator

PENSION SERVICES, INC.3 years

Filed as: PENSION SERVICES INC.

Service code 15 · EIN 65-0158316

3150 S.W. 38'TH AVENUE, SUITE 900 · MIAMI, FL 33146

Recordkeeping

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES & ASSOC INC

Service code 27

PO BOX 236441 · ST. PETERBSBURG, FL 33742

Advisory (Plan)

LANZO COMPANIES EMPLOYEE RETIREMENT PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANZO COMPANIES EMPLOYEE RETIREMENT PLAN & TRUST

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