Retirement plan

THE LAWRENCE FAMILY DEVELOPMENT AND EDUCATION FUND, INC. RETIREMENT SAVINGS PLAN

Name: LAWRENCE FAMILY DEVELOPMENT AND EDUCATION FUND INC. - THE LAWRENCE FAMILY DEVELOPMENT AND EDUCATION FUND, INC. RETIREMENT SAVINGS PLAN (2015) Form 5500
Creator: LAWRENCE FAMILY DEVELOPMENT AND EDUCATION FUND INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LAWRENCE FAMILY DEVELOPMENT AND EDUCATION FUND, INC. RETIREMENT SAVINGS PLAN, LAWRENCE FAMILY DEVELOPMENT AND EDUCATION FUND INC.

LAWRENCE FAMILY DEVELOPMENT AND EDUCATION FUND INC.EIN 04-3177142Plan #001PY 2015

34 WEST ST - LAWRENCE, MA 01841978-689-9863

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$605K

No prior year

Total participants

No prior year

Average account balance

$25,223

No prior year

Annual return

-0.31%

No prior year

Benchmarks

See 4,198 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort4,198 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.10M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

70.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$290K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+19.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2613

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 codes2F2G2M

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

2 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).

Expense breakdown

Schedule H Part II

Admin total

$361K

$15682 / participant

Other / not subdivided$361K100.0%

% of EOY assets

59.583%

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

$25,223

$64,311-60.8%

$57,356-56.0%

$125,389-79.9%

Participation rate

73.9%

78.6%-4.7pp

75.1%-1.2pp

83.2%-9.3pp

Annual return

-0.31%

25.14%-25.5pp

24.41%-24.7pp

282.24%-282.6pp

Employer contribution / active EE

$1,414

$3,193-55.7%

$2,689-47.4%

$4,866-70.9%

Participant deferral / active EE

$3,409

$3,846-11.4%

$3,162+7.8%

$5,352-36.3%

Admin fee / account holder

$15,029

$5,243+186.6%

$3,357+347.7%

$9,541+57.5%

THE LAWRENCE FAMILY DEVELOPMENT AND EDUCATION FUND, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LAWRENCE FAMILY DEVELOPMENT AND EDUCATION FUND, INC. RETIREMENT SAVINGS 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