Lbm Advantage Inc 401(K) Profit Sharing Plan & Trust — Form 5500 plan (Lbm Advantage Inc)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Lbm Advantage Inc 401(K) Profit Sharing Plan & Trust is a benefit plan reported by Lbm Advantage Inc under EIN 14-1498340 and plan number 001. The latest loaded filing year is 2023. The filing reports 138 participants and $24,801,001 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$24.8MPlan net assets, end of year$24,801,001
Participants138Covered participants reported
Assets / participant$179.7KComputed: assets ÷ participants$179,717 (computed)
Provider compensation$88.4K3 Schedule C provider row(s)$88,447
- Plan sponsor
- Lbm Advantage Inc
- EIN
- 14-1498340
- Plan number
- 001
- Plan type
- 2
- Location
- New Windsor, NY
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 138 | H, C | 20240710084614NAL0008450451001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$24.8M total assets
Net assets$24.8MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $24,801,001
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,801,001
- Net assets (BOY)
- $21,202,986
Income & contributions
- Employer contributions
- $710,782
- Participant contributions
- $1,062,806
- Total contributions
- $1,773,588
- Total income / additions
- $5,595,632
Expenses & distributions
- Benefits paid
- $1,908,496
- Administrative expenses
- $89,121
- Total expenses
- $1,997,617
- Net increase / (decrease)
- $3,598,015
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
40%60%
Employer 40%Participant 60%
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income34%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Planning Directions, Inc | ADVISOR | $41,045 | not reported in the loaded dataset | 2023 |
| Paychex, Inc. | RECORDKEEPER | $33,551 | not reported in the loaded dataset | 2023 |
| Commonwealth Financial Network | ADVISOR | $13,851 | not reported in the loaded dataset | 2023 |