Plan Ledger DOL Form 5500 · updated monthly

Landsea Holdings Corporation401(k)

LANDSEA 401(K) RETIREMENT SAVINGS PLAN · NEWPORT BEACH, CA · plan year 2022

Employer contribution per participant · 2022
$2,423

Landsea Holdings Corporation's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $11,642,547 across 320 participant accounts, with employer contributions averaging $2,423 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (5,054th of 9,483), and 2,869th of 5,337 in construction. In 2022, employees put in $3.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,642,547
Participants with balances320
Active participants270
Employer contributions$654,288
Employee contributions$2,452,078
Employer contribution per active participant$2,423
Average account balance$36,383
Benefits paid to participants$1,774,467
Plan auditUnmodified (clean) audit opinion
AuditorJONES & MALHOTRA
The Landsea Holdings Corporation 401(k) match · 2022
Employer contribution per active participant$2,423
Median for plans this size$2,266

Landsea Holdings Corporation's 2022 employer contribution ran above the $2,266 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Similar plansConstruction · California
Air Control Systems, Inc. CA$11.7M · 0.63%
Hamann Construction, Inc. CA$11.4M · 0.16%
Menemsha Development Group CA$11.4M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463544444 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.