Retirement plan

LAMONI LIVESTOCK AUCTION MARKET LLC PROFIT 401(K) SHARING PLAN

Name: LAMONI LIVESTOCK AUCTION MARKET LLC - LAMONI LIVESTOCK AUCTION MARKET LLC PROFIT 401(K) SHARING PLAN (2019) Form 5500
Creator: LAMONI LIVESTOCK AUCTION MARKET LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAMONI LIVESTOCK AUCTION MARKET LLC PROFIT 401(K) SHARING PLAN, LAMONI LIVESTOCK AUCTION MARKET LLC

LAMONI LIVESTOCK AUCTION MARKET LLCEIN 83-1452702Plan #001PY 2019

900 EAST MAIN STREET - LAMONI, IA 50140641-784-3323lamonilivestock.comLinkedIn1-10 employeeshigher education

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$461K

No prior year

Total participants

No prior year

Average account balance

$57,585

No prior year

Annual return

7.22%

No prior year

Benchmarks

See 3,425 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort3,425 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$240K

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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

$8K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+25.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6411

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 codes2E2J2F2G3D

Plan features

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.
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

2 tripped

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.

Expense breakdown

Schedule H Part II

Admin total

$4K

$516 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.784%

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

$57,585

$104,577-44.9%

$76,667-24.9%

$152,909-62.3%

Participation rate

100.0%

76.6%+23.4pp

72.1%+27.9pp

82.5%+17.5pp

Annual return

7.22%

1014.36%-1007.1pp

1166.74%-1159.5pp

345.46%-338.2pp

Employer contribution / active EE

$3,119-100.0%

$2,303-100.0%

$4,764-100.0%

Participant deferral / active EE

$5,763

$4,237+36.0%

$3,336+72.8%

$5,851-1.5%

Admin fee / account holder

$452

$12,290-96.3%

$6,423-93.0%

$11,601-96.1%

LAMONI LIVESTOCK AUCTION MARKET LLC PROFIT 401(K) SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAMONI LIVESTOCK AUCTION MARKET LLC PROFIT 401(K) 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