Retirement plan

LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE, INC. 401(K) PLAN

Name: LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE, INC. - LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE, INC. 401(K) PLAN (2025) Form 5500
Creator: LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE, INC. 401(K) PLAN, LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE, INC.

LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE, INC.EIN 90-0183669Plan #001PY 2025

1500 BROADWAY, 6TH FLOOR - LUBBOCK, TX 79401806-723-8242lubbockeda.orgLinkedIn11-50 employeesmarketing and advertising

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+0.8% from 2024

Total participants

-10.5% from 2024

Average account balance

$111,561

+19.8% from 2024

Annual return

9.56%

-11.77 pp from 2024

Benchmarks

See 17,085 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort17,085 peers

Snapshot2025

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.78M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$177K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+9.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21921

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 codes2E2F2G2J3D

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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$351K

$35074 / participant

Other / not subdivided$351K100.0%

% of EOY assets

19.650%

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

$111,561

$114,013-2.2%

$103,693+7.6%

$155,188-28.1%

Participation rate

90.0%

75.2%+14.8pp

72.6%+17.4pp

80.8%+9.2pp

Annual return

9.56%

49.31%-39.8pp

47.61%-38.1pp

148.84%-139.3pp

Employer contribution / active EE

$7,616

$3,131+143.2%

$2,920+160.8%

$4,248+79.3%

Participant deferral / active EE

$10,106

$4,970+103.3%

$4,579+120.7%

$6,531+54.7%

Admin fee / account holder

$21,921

$8,407+160.8%

$7,858+179.0%

$14,480+51.4%

LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUBBOCK ECONOMIC DEVELOPMENT ALLIANCE, INC. 401(K) 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