Retirement plan

L2T, INC. 401(K) PROFIT SHARING PLAN

Name: L2T, INC. - L2T, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: L2T, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L2T, INC. 401(K) PROFIT SHARING PLAN, L2T, INC.

L2T, INC.EIN 95-4596634Plan #001PY 2024

3025 WEST MISSION ROAD - ALHAMBRA, CA 91803626-458-7768

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.5M

-0.1% from 2023

Total participants

159

-5.4% from 2023

Average account balance

$55,005

+1.2% from 2023

Annual return

13.44%

-1.68 pp from 2023

Benchmarks

See 2,589 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort2,589 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.47M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

154

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.

93.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$517K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+13.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$100

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
ASCENSUS LLC7 years Service code 15 · EIN 11-3665754	Recordkeeping	$17,534

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$15K

$194 / participant

Contract admin$15K100.0%

% of EOY assets

0.181%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,005

$63,809-13.8%

$81,353-32.4%

$80,935-32.0%

Participation rate

93.7%

63.9%+29.8pp

69.5%+24.1pp

67.7%+26.0pp

Annual return

13.44%

16.37%-2.9pp

24.82%-11.4pp

35.66%-22.2pp

Employer contribution / active EE

$2,901

$1,981+46.4%

$2,464+17.7%

$2,757+5.2%

Participant deferral / active EE

$3,644

$3,093+17.8%

$3,885-6.2%

$4,299-15.3%

Admin fee / account holder

$100

$5,686-98.2%

$5,766-98.3%

$6,924-98.6%

Provider

Service type

Compensation

ASCENSUS LLC7 years

Service code 15 · EIN 11-3665754

Recordkeeping

$17,534

L2T, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L2T, INC. 401(K) PROFIT SHARING 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