Retirement plan

LIGHT SOURCES, INC.401(K) PLAN

Name: LIGHT SOURCES, INC. - LIGHT SOURCES, INC.401(K) PLAN (2016) Form 5500
Creator: LIGHT SOURCES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIGHT SOURCES, INC.401(K) PLAN, LIGHT SOURCES, INC.

LIGHT SOURCES, INC.EIN 06-1074620Plan #001PY 2016

37 ROBINSON BLVD - ORANGE, CT 064773623203-799-7877LinkedIn501-1000 employeeselectrical/electronic manufacturing

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$22.6M

+7.7% from 2015

Total participants

235

+5.9% from 2015

Average account balance

No prior year

Annual return

6.12%

+6.47 pp from 2015

Benchmarks

See 4,221 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,221 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.01M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

181

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.

85.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$802

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 7 by compensation

Provider	Service type	Compensation
LIGHT SOURCES, INC2+ years Service code 13	Contract Administrator	$0
LIGHT SOURCES, INC1 year Filed as: LIGHT SOURCES, INC. Service code 13 · EIN 06-1074620 NOT REQUIRED · NOT REQUIRED, CT 06477	Contract Administrator	$0
MAGII PENSION SERVICES LLC2+ years Service code 13	Contract Administrator	$0
MAGII PENSION SERVICES LLC2+ years Filed as: MAGII PENSION SERVICES, LLC Service code 13 · EIN 26-2480211 NOT REQUIRED · NOT REQUIRED, NY 11788	Contract Administrator	$0
PRINCIPAL LIFE INSURANCE COMPANY2+ years Service code 13 · EIN 42-0127290 N/A · NOT REQUIRED, NY 50306	Contract Administrator	$0
UBS FINANCIAL SERVICES INC2+ years Service code 27	Advisory (Plan)	$0
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES INC. Service code 27 · EIN 13-2638166 NOT REQUIRED · NOT REQUIRED, CT 06901	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

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

$47K

$201 / participant

Contract admin$47K100.0%

% of EOY assets

0.209%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,165-100.0%

$74,184-100.0%

$55,167-100.0%

Participation rate

0.0%

74.2%-74.2pp

76.6%-76.6pp

69.0%-69.0pp

Annual return

6.12%

10.00%-3.9pp

17.74%-11.6pp

169.23%-163.1pp

Employer contribution / active EE

$3,194

$1,600+99.7%

$2,370+34.8%

$1,963+62.8%

Participant deferral / active EE

$3,649

$2,973+22.8%

$3,550+2.8%

$3,054+19.5%

Admin fee / account holder

$419-100.0%

$5,586-100.0%

$504-100.0%

Provider

Service type

Compensation

LIGHT SOURCES, INC2+ years

Service code 13

Contract Administrator

LIGHT SOURCES, INC1 year

Filed as: LIGHT SOURCES, INC.

Service code 13 · EIN 06-1074620

NOT REQUIRED · NOT REQUIRED, CT 06477

Contract Administrator

MAGII PENSION SERVICES LLC2+ years

Service code 13

Contract Administrator

MAGII PENSION SERVICES LLC2+ years

Filed as: MAGII PENSION SERVICES, LLC

Service code 13 · EIN 26-2480211

NOT REQUIRED · NOT REQUIRED, NY 11788

Contract Administrator

PRINCIPAL LIFE INSURANCE COMPANY2+ years

Service code 13 · EIN 42-0127290

N/A · NOT REQUIRED, NY 50306

Contract Administrator

UBS FINANCIAL SERVICES INC2+ years

Service code 27

Advisory (Plan)

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES INC.

Service code 27 · EIN 13-2638166

NOT REQUIRED · NOT REQUIRED, CT 06901

Advisory (Plan)

LIGHT SOURCES, INC.401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIGHT SOURCES, INC.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