Retirement plan

LOS ANGELES LOMOD CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

Name: LOS ANGELES LOMOD CORPORATION - LOS ANGELES LOMOD CORPORATION 401(K) PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: LOS ANGELES LOMOD CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOS ANGELES LOMOD CORPORATION 401(K) PROFIT SHARING PLAN & TRUST, LOS ANGELES LOMOD CORPORATION

LOS ANGELES LOMOD CORPORATIONEIN 95-3033333Plan #001PY 2022

2600 WILSHIRE BLVD, 5TH FLOOR - LOS ANGELES, CA 90057213-252-2510lomod.orgLinkedIn11-50 employeesgovernment administration

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$2.2M

-17.8% from 2021

Total participants

-1.2% from 2021

Average account balance

$27,268

-21.8% from 2021

Annual return

-22.37%

-38.69 pp from 2021

Benchmarks

See 119 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants25-99

Cohort119 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.74M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

155.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$482K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+19.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5442

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$271K

$4586 / participant

Other / not subdivided$271K100.0%

% of EOY assets

12.101%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,268

$53,806-49.3%

$61,491-55.7%

$68,486-60.2%

Participation rate

98.3%

72.5%+25.9pp

79.3%+19.0pp

67.9%+30.4pp

Annual return

-22.37%

-15.68%-6.7pp

-12.98%-9.4pp

-7.85%-14.5pp

Employer contribution / active EE

$1,887

$3,218-41.4%

$4,246-55.6%

$2,597-27.3%

Participant deferral / active EE

$4,398

$3,678+19.6%

$5,188-15.2%

$4,028+9.2%

Admin fee / account holder

$3,300

$5,999-45.0%

$4,312-23.5%

$5,404-38.9%

LOS ANGELES LOMOD CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOS ANGELES LOMOD CORPORATION 401(K) PROFIT SHARING PLAN & TRUST

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