Retirement plan

LAUGHLIN, FALBO, LEVY & MORESI, LLP PROFIT SHARING

Name: LAUGHLIN, FALBO, LEVY & MORESI, LLP - LAUGHLIN, FALBO, LEVY & MORESI, LLP PROFIT SHARING (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 PROFIT SHARING, LAUGHLIN, FALBO, LEVY & MORESI, LLP

LAUGHLIN, FALBO, LEVY & MORESI, LLPEIN 94-2950919Plan #005PY 2024

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

Other plans on this EIN

1 filing

#001Retirement-$29.4M assets

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$24.9M

+16.0% from 2023

Total participants

221

-3.9% from 2023

Average account balance

$184,365

+15.2% from 2023

Annual return

13.46%

-2.61 pp from 2023

Benchmarks

See 6,296 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,296 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.89M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

135

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.

52.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$939K

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

+13.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$695

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
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$57,701
MARCUM LLP1 year Service code 64 1 MONTGOMERY ST · SAN FRANCISCO, CA 94014	Recordkeeping Fees	$35,256
NFP RETIREMENT INC2 years Service code 99 · EIN 33-0905143	Other Fees	$18,855

Plan features & details

Pension benefit codes2A2E2F2G2T3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$94K

$519 / participant

Investment mgmt$3K3.4%
Contract admin$90K96.3%
Other / not subdivided$3000.3%

% of EOY assets

0.377%

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

$184,365

$101,499+81.6%

$147,005+25.4%

$74,546+147.3%

Participation rate

52.5%

75.5%-23.0pp

82.2%-29.7pp

67.2%-14.7pp

Annual return

13.46%

8732.34%-8718.9pp

418.76%-405.3pp

1366.03%-1352.6pp

Employer contribution / active EE

$5,189

$3,811+36.2%

$4,934+5.2%

$2,624+97.7%

Participant deferral / active EE

$7,304-100.0%

$8,070-100.0%

$4,347-100.0%

Admin fee / account holder

$695

$1,748-60.2%

$13,006-94.7%

$1,944-64.2%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$57,701

MARCUM LLP1 year

Service code 64

1 MONTGOMERY ST · SAN FRANCISCO, CA 94014

Recordkeeping Fees

$35,256

NFP RETIREMENT INC2 years

Service code 99 · EIN 33-0905143

Other Fees

$18,855

LAUGHLIN, FALBO, LEVY & MORESI, LLP PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAUGHLIN, FALBO, LEVY & MORESI, LLP PROFIT SHARING

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