Retirement plan

LARK-INNS, LP 401(K) RETIREMENT PLAN

Name: LARK-INNS, LP - LARK-INNS, LP 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: LARK-INNS, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LARK-INNS, LP 401(K) RETIREMENT PLAN, LARK-INNS, LP

LARK-INNS, LPEIN 04-3387390Plan #001PY 2020

410 SHELBURNE ROAD - BURLINGTON, VT 05401802-864-7444LinkedIn201-500 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.7M

+22.5% from 2019

Total participants

229

-19.9% from 2019

Average account balance

$12,129

+24.3% from 2019

Annual return

15.81%

-7.14 pp from 2019

Benchmarks

See 881 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.00M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

41.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$137K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+10.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$209

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY6+ years Service code 15 · EIN 01-0233346	Recordkeeping	$8,996

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$12K

$74 / participant

Contract admin$9K75.5%
Other / not subdivided$3K24.5%

% of EOY assets

0.717%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GALLAGHER FLYNN & COMPANY
Auditor EIN: 030225774
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,129

$35,986-66.3%

$77,513-84.4%

$73,493-83.5%

Participation rate

42.9%

40.8%+2.0pp

54.2%-11.3pp

70.7%-27.8pp

Annual return

15.81%

19.26%-3.4pp

54.81%-39.0pp

28.51%-12.7pp

Employer contribution / active EE

$557-100.0%

$987-100.0%

$2,270-100.0%

Participant deferral / active EE

$1,182

$1,198-1.3%

$1,861-36.5%

$3,740-68.4%

Admin fee / account holder

$87

$466-81.3%

$2,859-97.0%

$513-83.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY6+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$8,996

LARK-INNS, LP 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LARK-INNS, LP 401(K) RETIREMENT 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