Retirement plan

LEEDS WEST GROUPS 401K RETIREMENT PLAN

Name: LEEDS WEST OPERATING GROUP, LLC - LEEDS WEST GROUPS 401K RETIREMENT PLAN (2023) Form 5500
Creator: LEEDS WEST OPERATING GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEEDS WEST GROUPS 401K RETIREMENT PLAN, LEEDS WEST OPERATING GROUP, LLC

LEEDS WEST OPERATING GROUP, LLCEIN 87-3873457Plan #002PY 2023

7450 E. PROGRESS PLACE - GREENWOOD VILLAGE, CO 80111303-980-8748

Prospect flagsHigh feesLow participationLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$14.4M

-9.2% from 2022

Total participants

738

+33.9% from 2022

Average account balance

$54,527

-14.7% from 2022

Annual return

17.24%

+33.21 pp from 2022

Benchmarks

See 1,011 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,011 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$15.56M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

257

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.

32.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$461

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORNINGSTAR2+ years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$6,333
LINCOLN NATIONAL CORPORATION2+ years Filed as: LINCOLN FINANCIAL ADVISORS CORPORAT Service code 55 1300 S CLINTON ST · FORT WAYNE, IN 46802	Other Commissions	$0
STRATEGIC WEALTH ADVISORS GROUP1 year Filed as: STRATEGIC WEALTH ADVISORS GROUP LLC Service code 99 · EIN 20-4922484	Other Fees	$0
TPA SERVICES, INC.2+ years Service code 49 7108 S ALTON WAY · CENTENNIAL, CO 80112	Other Services	$0

Plan features & details

Pension benefit codes2E2J2K2F2G2R3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

5 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$90K

$138 / participant

Recordkeeping$90K100.0%

% of EOY assets

0.627%

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: SSA PC
Auditor EIN: 840676265
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,527

$52,208+4.4%

$86,612-37.0%

$74,419-26.7%

Participation rate

27.4%

66.3%-38.9pp

71.7%-44.3pp

70.7%-43.3pp

Annual return

17.24%

44.46%-27.2pp

591.07%-573.8pp

34.38%-17.1pp

Employer contribution / active EE

$180

$2,282-92.1%

$3,022-94.0%

$2,637-93.2%

Participant deferral / active EE

$1,296

$3,383-61.7%

$4,438-70.8%

$4,528-71.4%

Admin fee / account holder

$342

$319+7.3%

$5,614-93.9%

$348-1.6%

Provider

Service type

Compensation

MORNINGSTAR2+ years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$6,333

LINCOLN NATIONAL CORPORATION2+ years

Filed as: LINCOLN FINANCIAL ADVISORS CORPORAT

Service code 55

1300 S CLINTON ST · FORT WAYNE, IN 46802

Other Commissions

STRATEGIC WEALTH ADVISORS GROUP1 year

Filed as: STRATEGIC WEALTH ADVISORS GROUP LLC

Service code 99 · EIN 20-4922484

Other Fees

TPA SERVICES, INC.2+ years

Service code 49

7108 S ALTON WAY · CENTENNIAL, CO 80112

Other Services

LEEDS WEST GROUPS 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEEDS WEST GROUPS 401K RETIREMENT 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