Retirement plan

LAND MARK ELECTRIC, INC. 401(K) PLAN

Name: LAND MARK ELECTRIC, INC. - LAND MARK ELECTRIC, INC. 401(K) PLAN (2024) Form 5500
Creator: LAND MARK ELECTRIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAND MARK ELECTRIC, INC. 401(K) PLAN, LAND MARK ELECTRIC, INC.

LAND MARK ELECTRIC, INC.EIN 95-3638042Plan #001PY 2024

7876 DEERING AVENUE - CANOGA PARK, CA 91304818-883-5110lmela.comLinkedIn201-500 employeesconstruction

Prospect flagsLow returnsHigh feesLow participationLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed June 18, 2019

Plan administrator

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7876 Deering Avenue

Canoga Park, CA 91304

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Plans declared (1)

Nonqualified Deferred Compensation Plan10 emp

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Total assets (EOY)

$12M

+12.0% from 2023

Total participants

233

0.0% from 2023

Average account balance

$103,724

+10.1% from 2023

Annual return

10.15%

-3.02 pp from 2023

Benchmarks

See 3,451 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,451 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.03M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

116

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.

41.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$765K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$471

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PROACCOUNT1 year Service code 26 · EIN 73-0988440	Advisory (Participants)	$18,896
LPL FINANCIAL5 years Filed as: LPL FINANCIAL LLC-RPCP Service code 27 · EIN 95-2834236 RPCP COMPENSATION PROCESSING · SAN DIEGO, CA 921502533	Advisory (Plan)	$8,344
LIDEN, NESTLE, SOLED & ASSOCIATES6 years Filed as: LIDEN, NESTLE, SOLED & ASSOC., INC. Service code 15 · EIN 77-0204740 2535 TOWNSGATE ROAD · WESTLAKE VILLAGE, CA 91361	Recordkeeping	$1,100
NATIONWIDE10+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$1,084

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$55K

$273 / participant

Investment mgmt$55K100.0%

% of EOY assets

0.454%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BLM LLP
Auditor EIN: 814234542
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,724

$80,724+28.5%

$103,333+0.4%

$74,495+39.2%

Participation rate

41.5%

65.7%-24.2pp

74.5%-33.0pp

67.2%-25.7pp

Annual return

10.15%

27.56%-17.4pp

24.88%-14.7pp

1364.94%-1354.8pp

Employer contribution / active EE

$406

$3,157-87.1%

$3,868-89.5%

$2,623-84.5%

Participant deferral / active EE

$3,419

$3,860-11.4%

$5,057-32.4%

$4,346-21.3%

Admin fee / account holder

$471

$2,368-80.1%

$8,355-94.4%

$1,942-75.7%

Provider

Service type

Compensation

PROACCOUNT1 year

Service code 26 · EIN 73-0988440

Advisory (Participants)

$18,896

LPL FINANCIAL5 years

Filed as: LPL FINANCIAL LLC-RPCP

Service code 27 · EIN 95-2834236

RPCP COMPENSATION PROCESSING · SAN DIEGO, CA 921502533

Advisory (Plan)

$8,344

LIDEN, NESTLE, SOLED & ASSOCIATES6 years

Filed as: LIDEN, NESTLE, SOLED & ASSOC., INC.

Service code 15 · EIN 77-0204740

2535 TOWNSGATE ROAD · WESTLAKE VILLAGE, CA 91361

Recordkeeping

$1,100

NATIONWIDE10+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$1,084

LAND MARK ELECTRIC, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAND MARK ELECTRIC, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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