Retirement plan

L&M SERVICES, INCORPORATED EMPLOYEE SAVINGS PLAN

Name: L&M SERVICES, INC. - L&M SERVICES, INCORPORATED EMPLOYEE SAVINGS PLAN (2023) 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.dba L&M SERVICES, INC. DBA SERVICEMASTER OF SEATTLEEIN 91-1294894Plan #001PY 2023

15000 WOODINVILLE-REDMOND RD., NE,, SUITE B600 - WOODINVILLE, WA 98072425-637-9770

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$4.9M

+28.7% from 2022

Total participants

137

+3.0% from 2022

Average account balance

$43,459

+18.5% from 2022

Annual return

17.82%

+37.52 pp from 2022

Benchmarks

See 1,918 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,918 peers

Snapshot2023

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 4 by compensation

Provider	Service type	Compensation
PCS RETIREMENT, LLC2 years Filed as: PCS RETIREMENT LLC Service code 13 · EIN 23-3038464	Contract Administrator	$17,244
COLDSTREAM WEALTH MANAGEMENT1 year Service code 27 520 KIRKLAND WAY. STE.300 · KIRKLAND, WA 98033	Advisory (Plan)	$14,926
BRINKER CAPITAL2 years Filed as: BRINKER CAPITAL INVESTMENTS, LLC Service code 28 · EIN 32-0070947 1055 WESTLAKES DRIVE · BERWYN, PA 19312	Investment Management	$14,340
SWEENEY CONRAD, P.S.4 years Service code 10 10210 NE POINTS DR SUITE 300 · KIRKLAND, WA 98033	Accounting	$7,685

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.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$54K

$484 / participant

Investment mgmt$29K54.0%
Contract admin$17K31.8%
Other / not subdivided$8K14.2%

% of EOY assets

1.104%

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: SWEENEY CONRAD, P.S.
Auditor EIN: 911301672
Audit fees: $7,685
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,459

$58,292-25.4%

$86,640-49.8%

$71,511-39.2%

Participation rate

78.6%

65.0%+13.6pp

71.7%+6.9pp

67.9%+10.6pp

Annual return

17.82%

21.63%-3.8pp

592.52%-574.7pp

28.86%-11.0pp

Employer contribution / active EE

$882

$2,574-65.7%

$3,024-70.8%

$2,589-65.9%

Participant deferral / active EE

$3,838

$3,438+11.6%

$4,438-13.5%

$4,291-10.6%

Admin fee / account holder

$480

$1,057-54.6%

$5,616-91.5%

$1,588-69.8%

Provider

Service type

Compensation

PCS RETIREMENT, LLC2 years

Filed as: PCS RETIREMENT LLC

Service code 13 · EIN 23-3038464

Contract Administrator

$17,244

COLDSTREAM WEALTH MANAGEMENT1 year

Service code 27

520 KIRKLAND WAY. STE.300 · KIRKLAND, WA 98033

Advisory (Plan)

$14,926

BRINKER CAPITAL2 years

Filed as: BRINKER CAPITAL INVESTMENTS, LLC

Service code 28 · EIN 32-0070947

1055 WESTLAKES DRIVE · BERWYN, PA 19312

Investment Management

$14,340

SWEENEY CONRAD, P.S.4 years

Service code 10

10210 NE POINTS DR SUITE 300 · KIRKLAND, WA 98033

Accounting

$7,685

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