Retirement plan

LARSEN SUPPLY COMPANY 401(K) PLAN

Name: LARSEN SUPPLY COMPANY, INC. - LARSEN SUPPLY COMPANY 401(K) PLAN (2016) Form 5500
Creator: LARSEN SUPPLY COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LARSEN SUPPLY COMPANY 401(K) PLAN, LARSEN SUPPLY COMPANY, INC.

LARSEN SUPPLY COMPANY, INC.EIN 95-1801204Plan #001PY 2016

12055 EAST SLAUSON AVE - SANTA FE SPRINGS, CA 90670562-698-0731lasco.netLinkedIn51-200 employeeswholesale

Prospect flagsHigh feesLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$9.8M

No prior year

Total participants

112

No prior year

Average account balance

$109,784

No prior year

Annual return

5.97%

No prior year

Benchmarks

See 2,366 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,366 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.44M

Not enough data

1 years with asset history on file

Average account balance

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

$205K

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.

58.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$220K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13461

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

Top 3 by compensation

Provider	Service type	Compensation
DIGITAL RETIREMENT SOLUTIONS, INC.2+ years Service code 12 · EIN 84-1477138	Participant loan processing; Recordke...	$22,194
RAYMOND JAMES FINANCIAL SERVICES1+ years Service code 17 12651 HIGH BLUFF DRIVE · SAN DIEGO, CA 92130	Pension Consulting	$11,250
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 18 · EIN 42-1558009	Investment management; Trustee (bank,...	$8,931

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$42K

$411 / participant

Investment mgmt$11K26.5%
Contract admin$22K52.4%
Other / not subdivided$9K21.1%

% of EOY assets

0.434%

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: LANCE, SOLL & LUNGHARD LLP
Auditor EIN: 952700123
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$109,784

$63,924+71.7%

$108,582+1.1%

$55,167+99.0%

Participation rate

77.7%

74.3%+3.3pp

79.6%-1.9pp

69.0%+8.7pp

Annual return

5.97%

15.31%-9.3pp

-51.70%+57.7pp

169.23%-163.3pp

Employer contribution / active EE

$444

$1,879-76.4%

$3,758-88.2%

$1,963-77.4%

Participant deferral / active EE

$2,750

$3,067-10.3%

$4,311-36.2%

$3,054-10.0%

Admin fee / account holder

$476

$618-22.9%

$7,645-93.8%

$504-5.5%

Provider

Service type

Compensation

DIGITAL RETIREMENT SOLUTIONS, INC.2+ years

Service code 12 · EIN 84-1477138

Participant loan processing; Recordke...

$22,194

RAYMOND JAMES FINANCIAL SERVICES1+ years

Service code 17

12651 HIGH BLUFF DRIVE · SAN DIEGO, CA 92130

Pension Consulting

$11,250

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 18 · EIN 42-1558009

Investment management; Trustee (bank,...

$8,931

LARSEN SUPPLY COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LARSEN SUPPLY COMPANY 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