Retirement plan

LIQUID TRUCKING COMPANIES 401(K) PROFIT SHARING PLAN

Name: LT HOLDINGS, INC. - LIQUID TRUCKING COMPANIES 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: LT HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIQUID TRUCKING COMPANIES 401(K) PROFIT SHARING PLAN, LT HOLDINGS, INC.

LT HOLDINGS, INC.EIN 85-2789649Plan #001PY 2023

108 EAST BAY ROAD - PLATTSMOUTH, NE 680486419402-498-7337

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.8M

+23.2% from 2022

Total participants

284

-4.4% from 2022

Average account balance

$31,445

+29.1% from 2022

Annual return

17.66%

+35.63 pp from 2022

Benchmarks

See 1,237 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,237 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.88M

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

276

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$288

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP3+ years Filed as: USI ADVISORS INC Service code 27 95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033	Advisory (Plan)	$26,458
AMERICAN FUNDS3+ years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$17,628
ASCENSUS LLC3+ years Filed as: PENSION ADMINISTRATORS LLC Service code 13 18033 OAK STREET · OMAHA, NE 68130	Contract Administrator	$4,734

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

1 tripped

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

$50K

$223 / participant

Contract admin$50K100.0%

% of EOY assets

0.648%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRANKEL, LLC
Auditor EIN: 470574775
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,445

$51,083-38.4%

$70,548-55.4%

$71,495-56.0%

Participation rate

83.6%

59.4%+24.2pp

68.3%+15.3pp

67.9%+15.7pp

Annual return

17.66%

42.64%-25.0pp

32.78%-15.1pp

28.85%-11.2pp

Employer contribution / active EE

$1,357

$1,791-24.2%

$2,975-54.4%

$2,589-47.6%

Participant deferral / active EE

$3,830

$3,028+26.5%

$4,567-16.1%

$4,291-10.7%

Admin fee / account holder

$204

$1,995-89.8%

$6,424-96.8%

$1,588-87.2%

Provider

Service type

Compensation

USI CONSULTING GROUP3+ years

Filed as: USI ADVISORS INC

Service code 27

95 GLASTONBURY BLVD STE 102 · GLASTONBURY, CT 06033

Advisory (Plan)

$26,458

AMERICAN FUNDS3+ years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$17,628

ASCENSUS LLC3+ years

Filed as: PENSION ADMINISTRATORS LLC

Service code 13

18033 OAK STREET · OMAHA, NE 68130

Contract Administrator

$4,734

LIQUID TRUCKING COMPANIES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIQUID TRUCKING COMPANIES 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