Retirement plan

LENNAR CORPORATION 401(K) PLAN

Name: LENNAR CORPORATION - LENNAR CORPORATION 401(K) PLAN (2018) 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 2018

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

Prospect flagsCorrective 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)

$854.2M

+42.8% from 2017

Total participants

13,537

+44.5% from 2017

Average account balance

$63,099

-1.2% from 2017

Annual return

45.09%

+23.21 pp from 2017

Benchmarks

See 51 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants5,000-9,999

Cohort51 peers

Snapshot2018

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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 8 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Service code 13 · EIN 06-1050034	Contract Administrator	$655,268
DRINKER BIDDLE & REATH LLP4+ years Filed as: DRINKER, BIDDLE & REATH LLP Service code 29 · EIN 23-1423089	Legal	$191,562
CAP FINANCIAL PARTNERS, LLC1 year Filed as: CAP FINANCIAL PARTNERS Service code 27 · EIN 26-0058143	Advisory (Plan)	$117,000
ARC EXPRESS & SURPLUS, LLC4+ years Service code 14 · EIN 11-3367953	Plan Administrator	$87,890
PRUDENTAIL TRUST CO.1 year Service code 28 · EIN 23-6994310	Investment Management	$65,517
PRUDENTIAL RETIREMENT INSURANCE AND1 year Filed as: PRUDENTIAL INSURANCE CO. Service code 99 · EIN 22-1211670	Other Fees	$65,466
MILLER KAPLAN ARASE LLP4+ years Service code 10 · EIN 95-2036255	Accounting	$13,600
PRUDENTIAL RETIREMENT INSURANCE AND4+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$194 / participant

Other / not subdivided$2M100.0%

% of EOY assets

0.216%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is 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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,099

$57,255+10.2%

$83,848-24.7%

$68,904-8.4%

Participation rate

100.0%

86.2%+13.8pp

76.1%+23.9pp

74.1%+25.9pp

Annual return

45.09%

-0.34%+45.4pp

850.88%-805.8pp

1.07%+44.0pp

Employer contribution / active EE

$2,486

$3,341-25.6%

$3,631-31.5%

$2,540-2.1%

Participant deferral / active EE

$6,748

$3,207+110.4%

$4,082+65.3%

$4,015+68.1%

Admin fee / account holder

$136

$103+31.7%

$5,478-97.5%

$71+91.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$655,268

DRINKER BIDDLE & REATH LLP4+ years

Filed as: DRINKER, BIDDLE & REATH LLP

Service code 29 · EIN 23-1423089

Legal

$191,562

CAP FINANCIAL PARTNERS, LLC1 year

Filed as: CAP FINANCIAL PARTNERS

Service code 27 · EIN 26-0058143

Advisory (Plan)

$117,000

ARC EXPRESS & SURPLUS, LLC4+ years

Service code 14 · EIN 11-3367953

Plan Administrator

$87,890

PRUDENTAIL TRUST CO.1 year

Service code 28 · EIN 23-6994310

Investment Management

$65,517

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Filed as: PRUDENTIAL INSURANCE CO.

Service code 99 · EIN 22-1211670

Other Fees

$65,466

MILLER KAPLAN ARASE LLP4+ years

Service code 10 · EIN 95-2036255

Accounting

$13,600

PRUDENTIAL RETIREMENT INSURANCE AND4+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

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