Retirement plan

LAUGHLIN, FALBO, LEVY & MORESI, LLP 401(K) PLAN

Name: LAUGHLIN, FALBO, LEVY & MORESI, LLP - LAUGHLIN, FALBO, LEVY & MORESI, LLP 401(K) PLAN (2024) Form 5500
Creator: LAUGHLIN, FALBO, LEVY & MORESI, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAUGHLIN, FALBO, LEVY & MORESI, LLP 401(K) PLAN, LAUGHLIN, FALBO, LEVY & MORESI, LLP

LAUGHLIN, FALBO, LEVY & MORESI, LLPEIN 94-2950919Plan #001PY 2024

1001 GALAXY WAY, SUITE 200 - CONCORD, CA 94520925-826-1562lflm.comLinkedIn201-500 employeeslaw practice

Other plans on this EIN

1 filing

#005Retirement-$24.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$29.4M

+11.9% from 2023

Total participants

291

+3.2% from 2023

Average account balance

$104,909

+8.7% from 2023

Annual return

15.03%

-5.87 pp from 2023

Benchmarks

See 6,290 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,290 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.37M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

280

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+15.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$416

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
MARCUM LLP1 year Service code 26 1 MONTGOMERY ST, SUITE 1700 · SAN FRANCISCO, CA 94104	Advisory (Participants)	$37,440
NFP RETIREMENT INC2 years Service code 99 · EIN 33-0905143	Other Fees	$22,584
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$10,271

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$116K

$568 / participant

Investment mgmt$10K8.8%
Contract admin$106K90.8%
Other / not subdivided$4500.4%

% of EOY assets

0.396%

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: CBIZ CPAS P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,909

$101,539+3.3%

$147,041-28.7%

$74,400+41.0%

Participation rate

94.6%

75.5%+19.1pp

82.2%+12.5pp

67.2%+27.4pp

Annual return

15.03%

8740.84%-8725.8pp

419.21%-404.2pp

1367.51%-1352.5pp

Employer contribution / active EE

$3,811-100.0%

$4,935-100.0%

$2,624-100.0%

Participant deferral / active EE

$6,433

$7,304-11.9%

$8,071-20.3%

$4,348+48.0%

Admin fee / account holder

$416

$1,749-76.2%

$13,006-96.8%

$1,944-78.6%

Provider

Service type

Compensation

MARCUM LLP1 year

Service code 26

1 MONTGOMERY ST, SUITE 1700 · SAN FRANCISCO, CA 94104

Advisory (Participants)

$37,440

NFP RETIREMENT INC2 years

Service code 99 · EIN 33-0905143

Other Fees

$22,584

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$10,271

LAUGHLIN, FALBO, LEVY & MORESI, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAUGHLIN, FALBO, LEVY & MORESI, LLP 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