Retirement plan

LENNAR CORPORATION 401(K) PLAN

Name: LENNAR CORPORATION - LENNAR CORPORATION 401(K) PLAN (2015) Form 5500
Creator: LENNAR CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LENNAR CORPORATION 401(K) PLAN, LENNAR CORPORATION

LENNAR CORPORATIONEIN 95-4337490Plan #002PY 2015

27240 TURNBERRY LANE, SUITE 200 - VALENCIA, CA 91355800-353-8100lennar.comLinkedIn5001-10000 employeesreal estate

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed June 6, 2002 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$410.7M

-11.9% from 2016

Total participants

7,797

-8.2% from 2016

Average account balance

$52,676

-4.0% from 2016

Annual return

3.15%

-2.97 pp from 2016

Benchmarks

See 33 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort33 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.62B

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

16,857

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$192.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$78

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 7 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Service code 13 · EIN 06-1050034	Contract Administrator	$75,376
ARC EXPRESS & SURPLUS, LLC1+ years Service code 13 · EIN 11-3367953	Contract Administrator	$54,365
DRINKER BIDDLE & REATH LLP1+ years Filed as: DRINKER, BIDDLE & REATH LLP Service code 10 · EIN 23-1423089	Accounting	$36,133
CAPFINANCIAL PARTNERS LLC1+ years Filed as: CAPFINANCIAL SECURITIES LLC Service code 27 · EIN 46-4350797	Advisory (Plan)	$30,739
MILLER KAPLAN ARASE LLP1+ years Service code 10 · EIN 95-2036255	Accounting	$11,900
CARL IVKA1+ years Filed as: CARL GARRAFFO Service code 56 THE NEWHALL LAND AND FARMING C · CONCORD, CA 94520	Non-monetary compensation	$0
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15 · EIN 22-1211670	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2J2G2K3H2F2T2S

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,676

$48,096+9.5%

$75,784-30.5%

$67,505-22.0%

Participation rate

100.0%

86.8%+13.2pp

75.8%+24.2pp

71.2%+28.8pp

Annual return

3.15%

0.30%+2.9pp

9.68%-6.5pp

6.52%-3.4pp

Employer contribution / active EE

$2,379

$2,549-6.6%

$3,323-28.4%

$2,173+9.5%

Participant deferral / active EE

$6,753

$3,109+117.2%

$3,652+84.9%

$3,597+87.8%

Admin fee / account holder

-$9

$82-110.8%

$5,300-100.2%

$56-115.8%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$75,376

ARC EXPRESS & SURPLUS, LLC1+ years

Service code 13 · EIN 11-3367953

Contract Administrator

$54,365

DRINKER BIDDLE & REATH LLP1+ years

Filed as: DRINKER, BIDDLE & REATH LLP

Service code 10 · EIN 23-1423089

Accounting

$36,133

CAPFINANCIAL PARTNERS LLC1+ years

Filed as: CAPFINANCIAL SECURITIES LLC

Service code 27 · EIN 46-4350797

Advisory (Plan)

$30,739

MILLER KAPLAN ARASE LLP1+ years

Service code 10 · EIN 95-2036255

Accounting

$11,900

CARL IVKA1+ years

Filed as: CARL GARRAFFO

Service code 56

THE NEWHALL LAND AND FARMING C · CONCORD, CA 94520

Non-monetary compensation

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15 · EIN 22-1211670

Recordkeeping

LENNAR CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LENNAR CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

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