Retirement plan

L&M SERVICES, INCORPORATED EMPLOYEE SAVINGS PLAN

Name: L&M SERVICES, INC. - L&M SERVICES, INCORPORATED EMPLOYEE SAVINGS PLAN (2019) Form 5500
Creator: L&M SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L&M SERVICES, INCORPORATED EMPLOYEE SAVINGS PLAN, L&M SERVICES, INC.

L&M SERVICES, INC.EIN 91-1294894Plan #001PY 2019

15000 WOODINVILLE-REDMOND RD., NE, - WOODINVILLE, WA 98072425-637-9770

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.2M

+29.2% from 2018

Total participants

150

0.0% from 2018

Average account balance

$28,966

+17.6% from 2018

Annual return

20.48%

+28.33 pp from 2018

Benchmarks

See 1,705 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,705 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.14M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

119

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.

78.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$586K

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

+16.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$512

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
PROFESSIONAL CAPITAL SERVICES, LLC3 years Service code 13 1801 MARKET STREET, STE 1000 · PHILADELPHIA, PA 19103	Contract Administrator	$19,731
SEIDMAN PRIVATE ADVISORS, LLC2 years Service code 27 520 KIRKLAND WAY · KIRKLAND, WA 98033	Advisory (Plan)	$13,774
BRINKER CAPITAL3 years Filed as: BRINKER HOLDINGS Service code 28 1055 WESTLAKES DRIVE · BERWYN, PA 19312	Investment Management	$5,509

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
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

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).

Expense breakdown

Schedule H Part II

Admin total

$39K

$302 / participant

Investment mgmt$19K49.4%
Contract admin$20K50.6%

% of EOY assets

1.203%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SWEENEY CONRAD, P.S.
Auditor EIN: 911301672
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,966

$51,620-43.9%

$90,324-67.9%

$65,186-55.6%

Participation rate

70.5%

68.6%+1.9pp

73.3%-2.7pp

70.2%+0.3pp

Annual return

20.48%

24.94%-4.5pp

78.15%-57.7pp

29.39%-8.9pp

Employer contribution / active EE

$535

$2,235-76.1%

$2,856-81.3%

$2,177-75.4%

Participant deferral / active EE

$2,320

$2,871-19.2%

$3,885-40.3%

$3,514-34.0%

Admin fee / account holder

$348

$384-9.4%

$5,356-93.5%

$847-58.9%

Provider

Service type

Compensation

PROFESSIONAL CAPITAL SERVICES, LLC3 years

Service code 13

1801 MARKET STREET, STE 1000 · PHILADELPHIA, PA 19103

Contract Administrator

$19,731

SEIDMAN PRIVATE ADVISORS, LLC2 years

Service code 27

520 KIRKLAND WAY · KIRKLAND, WA 98033

Advisory (Plan)

$13,774

BRINKER CAPITAL3 years

Filed as: BRINKER HOLDINGS

Service code 28

1055 WESTLAKES DRIVE · BERWYN, PA 19312

Investment Management

$5,509

L&M SERVICES, INCORPORATED EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L&M SERVICES, INCORPORATED EMPLOYEE SAVINGS 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