Retirement plan

LOMBARDI, CLAIRMONT & KEEGAN EMPLOYEES RETIREMENT SAVINGS PLAN AND TRUST

Name: LOMBARDI, CLAIRMONT & KEEGAN - LOMBARDI, CLAIRMONT & KEEGAN EMPLOYEES RETIREMENT SAVINGS PLAN AND TRUST (2016) Form 5500
Creator: LOMBARDI, CLAIRMONT & KEEGAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOMBARDI, CLAIRMONT & KEEGAN EMPLOYEES RETIREMENT SAVINGS PLAN AND TRUST, LOMBARDI, CLAIRMONT & KEEGAN

LOMBARDI, CLAIRMONT & KEEGANEIN 04-2511474Plan #001PY 2016

35 PEARL STREET - PITTSFIELD, MA 01201413-499-3733lckcpa.comLinkedIn11-50 employeesaccounting

Prospect flagsHigh retiree %High feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+12.8% from 2015

Total participants

+22.2% from 2015

Average account balance

$229,857

+2.5% from 2015

Annual return

8.46%

+8.81 pp from 2015

Benchmarks

See 113,086 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort113,086 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.39M

Not enough data

1 years with asset history on file

Average account balance

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

$449K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$175K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+15.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2068

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$36K

$5103 / participant

Other / not subdivided$36K100.0%

% of EOY assets

1.413%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$229,857

$135,956+69.1%

$123,894+85.5%

$273,972-16.1%

Participation rate

100.0%

84.1%+15.9pp

81.4%+18.6pp

83.0%+17.0pp

Annual return

8.46%

56.63%-48.2pp

47.52%-39.1pp

41.46%-33.0pp

Employer contribution / active EE

$3,369

$5,170-34.8%

$4,617-27.0%

$4,869-30.8%

Participant deferral / active EE

$14,139

$6,343+122.9%

$5,984+136.3%

$5,287+167.4%

Admin fee / account holder

$3,247

$9,817-66.9%

$8,357-61.1%

$10,133-68.0%

LOMBARDI, CLAIRMONT & KEEGAN EMPLOYEES RETIREMENT SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOMBARDI, CLAIRMONT & KEEGAN EMPLOYEES RETIREMENT SAVINGS PLAN AND TRUST

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