Retirement plan

LIBERTY MANAGEMENT UNION 401(K) PLAN

Name: LIBERTY BEHAVIORAL MANAGEMENT - LIBERTY MANAGEMENT UNION 401(K) PLAN (2021) Form 5500
Creator: LIBERTY BEHAVIORAL MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIBERTY MANAGEMENT UNION 401(K) PLAN, LIBERTY BEHAVIORAL MANAGEMENT

LIBERTY BEHAVIORAL MANAGEMENTEIN 04-3284656Plan #002PY 2021

2 PARK WAY AND ROUTE 17 SOUTH - UPPER SADDLE RIVER, NJ 07458201-236-8880libertybehavioralfl.comLinkedIn1-10 employees

Prospect flagsHigh feesLow participationLow employer contribution

How to read this page

Total assets (EOY)

$10.6M

+8.5% from 2020

Total participants

584

-5.0% from 2020

Average account balance

$62,019

+15.5% from 2020

Annual return

12.84%

-2.27 pp from 2020

Benchmarks

See 736 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort736 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.68M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

156

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.

26.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$392K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$967

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

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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

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Service providers

Top 10 of 19 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 49 · EIN 84-0467907	Other Services	$48,292
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 20-8764829	Advisory (Plan)	$44,700
AB FUNDS3 years Service code 52 · EIN 13-3747683	Indirect Investment Fees	$0
AMERICAN FUNDS4 years Service code 52 · EIN 66-0793788	Indirect Investment Fees	$0
BLACKROCK5 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
CALAMOS FINANCIAL3 years Service code 52 · EIN 36-3316238	Indirect Investment Fees	$0
EATON VANCE5 years Service code 52 · EIN 13-2706484	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-3365630	Indirect Investment Fees	$0
INVESCO5 years Service code 52 · EIN 91-1986511	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2H2K3D2T

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$93K

$173 / participant

Investment mgmt$84K90.3%
Contract admin$9K9.7%

% of EOY assets

0.877%

all-in expense ratio

Categories reported

2 / 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: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,019

$41,647+48.9%

$96,192-35.5%

$86,821-28.6%

Participation rate

23.1%

50.3%-27.2pp

68.4%-45.4pp

72.3%-49.2pp

Annual return

12.84%

27.24%-14.4pp

192.09%-179.2pp

97.94%-85.1pp

Employer contribution / active EE

$1,328-100.0%

$2,799-100.0%

$2,406-100.0%

Participant deferral / active EE

$684

$2,412-71.6%

$4,351-84.3%

$4,132-83.4%

Admin fee / account holder

$544

$169+221.0%

$5,539-90.2%

$170+220.7%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 49 · EIN 84-0467907

Other Services

$48,292

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 20-8764829

Advisory (Plan)

$44,700

AB FUNDS3 years

Service code 52 · EIN 13-3747683

Indirect Investment Fees

AMERICAN FUNDS4 years

Service code 52 · EIN 66-0793788

Indirect Investment Fees

BLACKROCK5 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

CALAMOS FINANCIAL3 years

Service code 52 · EIN 36-3316238

Indirect Investment Fees

EATON VANCE5 years

Service code 52 · EIN 13-2706484

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-3365630

Indirect Investment Fees

INVESCO5 years

Service code 52 · EIN 91-1986511

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

LIBERTY MANAGEMENT UNION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIBERTY MANAGEMENT UNION 401(K) 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