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 (2023) 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 2023

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

Prospect flagsLow returnsHigh feesLow participationLow assets / participantWind-down / frozen

How to read this page

Total assets (EOY)

$592K

-88.5% from 2022

Total participants

-59.7% from 2022

Average account balance

$10,387

-70.9% from 2022

Annual return

7.20%

+24.89 pp from 2022

Benchmarks

See 36,165 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants<25

Cohort36,165 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS, DBA FUTUREPLAN A Service code 13 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$6,675
REGAL INVESTMENT ADVISORS LLC5 years Filed as: REGAL INVESTMENT ADVISORS, LLC Service code 27 · EIN 22-3844414 2687 44TH ST. SE · KENTWOOD, MI 49512	Advisory (Plan)	$5,991
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$4,724
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA Service code 13	Contract Administrator	$1,874
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$418

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$29K

$4828 / participant

Contract admin$29K100.0%

% of EOY assets

4.893%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,387

$185,883-94.4%

$170,043-93.9%

$139,466-92.6%

Participation rate

50.0%

87.8%-37.8pp

87.0%-37.0pp

80.3%-30.3pp

Annual return

7.20%

60.54%-53.3pp

53.40%-46.2pp

373.66%-366.5pp

Employer contribution / active EE

$7,596-100.0%

$6,790-100.0%

$4,754-100.0%

Participant deferral / active EE

$11,307

$11,626-2.7%

$10,410+8.6%

$6,712+68.5%

Admin fee / account holder

$508

$15,393-96.7%

$12,824-96.0%

$11,409-95.5%

Provider

Service type

Compensation

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS, DBA FUTUREPLAN A

Service code 13

101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$6,675

REGAL INVESTMENT ADVISORS LLC5 years

Filed as: REGAL INVESTMENT ADVISORS, LLC

Service code 27 · EIN 22-3844414

2687 44TH ST. SE · KENTWOOD, MI 49512

Advisory (Plan)

$5,991

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$4,724

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA

Service code 13

Contract Administrator

$1,874

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$418

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