Retirement plan

LHM FINANCIAL CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Name: LHM FINANCIAL CORPORATION DBA CNN MORTGAGE - LHM FINANCIAL CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: LHM FINANCIAL CORPORATION DBA CNN MORTGAGE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LHM FINANCIAL CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST, LHM FINANCIAL CORPORATION DBA CNN MORTGAGE

LHM FINANCIAL CORPORATION DBA CNN MORTGAGEEIN 86-0741955Plan #002PY 2022

9089 EAST BAHAI DRIVE, SUITE 101 - SCOTTSDALE, AZ 85260480-443-9090

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.1M

-36.0% from 2021

Total participants

149

-27.0% from 2021

Average account balance

$35,676

-19.1% from 2021

Annual return

-17.69%

-33.90 pp from 2021

Benchmarks

See 7,130 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,130 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Service code 15 · EIN 84-0467907	Recordkeeping	$36,213
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS DBA FUTUREPLAN BY Service code 13	Contract Administrator	$6,091
REGAL INVESTMENT ADVISORS LLC4 years Filed as: REGAL INVESTMENT ADVISORS, LLC Service code 27 · EIN 22-3844414	Advisory (Plan)	$5,506

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$42K

$521 / participant

Investment mgmt$6K13.2%
Contract admin$36K86.8%

% of EOY assets

0.812%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: METZ & ASSOCIATES
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,676

$110,083-67.6%

$151,639-76.5%

$68,486-47.9%

Participation rate

93.8%

84.0%+9.8pp

87.5%+6.3pp

67.9%+25.9pp

Annual return

-17.69%

-10.12%-7.6pp

3.34%-21.0pp

-7.85%-9.8pp

Employer contribution / active EE

$4,470-100.0%

$6,165-100.0%

$2,597-100.0%

Participant deferral / active EE

$8,767

$6,526+34.3%

$8,363+4.8%

$4,028+117.7%

Admin fee / account holder

$290

$7,718-96.2%

$11,613-97.5%

$5,404-94.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Service code 15 · EIN 84-0467907

Recordkeeping

$36,213

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS DBA FUTUREPLAN BY

Service code 13

Contract Administrator

$6,091

REGAL INVESTMENT ADVISORS LLC4 years

Filed as: REGAL INVESTMENT ADVISORS, LLC

Service code 27 · EIN 22-3844414

Advisory (Plan)

$5,506

LHM FINANCIAL CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LHM FINANCIAL CORPORATION 401(K) PROFIT SHARING PLAN AND 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