Retirement plan

EMPLOYEE BENEFIT PLAN OF LIVING IN FULFILLING ENVIRONMENTS (L.I.F.E.), INC.

Name: LIVING IN FULFILLING ENVIRONMENTS (L.I.F.E.), INC. - EMPLOYEE BENEFIT PLAN OF LIVING IN FULFILLING ENVIRONMENTS (L.I.F.E.), INC. (2021) Form 5500
Creator: LIVING IN FULFILLING ENVIRONMENTS (L.I.F.E.), INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF LIVING IN FULFILLING ENVIRONMENTS (L.I.F.E.), INC., LIVING IN FULFILLING ENVIRONMENTS (L.I.F.E.), INC.

LIVING IN FULFILLING ENVIRONMENTS (L.I.F.E.), INC.EIN 05-0425244Plan #001PY 2021

490 METACOM AVE - BRISTOL, RI 028095221401-254-2910lifeincri.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.6M

+12.7% from 2020

Total participants

171

+0.6% from 2020

Average account balance

$38,704

+27.0% from 2020

Annual return

13.12%

+1.89 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.90M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

36.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$359K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7447

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

Top 1 by compensation

Provider	Service type	Compensation
MUTUAL OF AMERICA INVESTMENT CORP3 years Service code 12 320 PARK AVENUE · NEW YORK, NY 10022	Recordkeeping and information managem...	$1,744

Plan features & details

Pension benefit codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

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

$738

$5 / participant

Other / not subdivided$738100.0%

% of EOY assets

0.016%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,704

$61,166-36.7%

$185,837-79.2%

$79,393-51.2%

Participation rate

62.7%

66.6%-3.9pp

81.7%-19.0pp

70.7%-8.0pp

Annual return

13.12%

19.45%-6.3pp

122.08%-109.0pp

116.87%-103.7pp

Employer contribution / active EE

$503

$2,321-78.3%

$5,168-90.3%

$2,428-79.3%

Participant deferral / active EE

$1,436

$2,789-48.5%

$5,568-74.2%

$4,046-64.5%

Admin fee / account holder

$710-99.1%

$16,241-100.0%

$627-99.0%

Provider

Service type

Compensation

MUTUAL OF AMERICA INVESTMENT CORP3 years

Service code 12

320 PARK AVENUE · NEW YORK, NY 10022

Recordkeeping and information managem...

$1,744

EMPLOYEE BENEFIT PLAN OF LIVING IN FULFILLING ENVIRONMENTS (L.I.F.E.), INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF LIVING IN FULFILLING ENVIRONMENTS (L.I.F.E.), INC.

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