Retirement plan

LIVING RESOURCES 403(B) RETIREMENT PLAN

Name: LIVING RESOURCES CORPORATION - LIVING RESOURCES 403(B) RETIREMENT PLAN (2024) Form 5500
Creator: LIVING RESOURCES CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIVING RESOURCES 403(B) RETIREMENT PLAN, LIVING RESOURCES CORPORATION

LIVING RESOURCES CORPORATIONEIN 14-1564208Plan #004PY 2024

300 WASHINGTON AVENUE - ALBANY, NY 12203518-218-0000livingresources.orgLinkedIn501-1000 employeesindividual & family services

Prospect flagsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$11M

+12.8% from 2023

Total participants

1,041

-9.2% from 2023

Average account balance

$14,777

+34.1% from 2023

Annual return

13.22%

-5.71 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.99M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

744

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.

63.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

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

+13.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46

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 4 by compensation

Provider	Service type	Compensation
CREATIVE PENSION CONSULTANTS, INC.1 year Service code 13 435 NEW KARNER ROAD CONCORD ST · ALBANY, NY 12205	Contract Administrator	$25,474
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 62 · EIN 82-4555287 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping fees; Float revenue	$8,600
AMERICAN FUNDS1 year Filed as: CAPITAL BANK & TRUST Service code 18 P.O. BOX 6040 · INDIANAPOLIS, IN 42606	Float revenue; Custodial (other than ...	$0
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT CO Service code 15 333 S. HOPE ST · LOST ANGELES, CA 90071	Recordkeeping	$0

Plan features & details

Pension benefit codes2A2E2F2G2M2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$34K

$42 / participant

Investment mgmt$34K100.0%

% of EOY assets

0.310%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CUSACK & COMPANY, CPA'S LLC
Auditor EIN: 141800427
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,777

$50,919-71.0%

$155,556-90.5%

$77,762-81.0%

Participation rate

63.1%

63.1%0pp

78.2%-15.1pp

70.6%-7.5pp

Annual return

13.22%

34.84%-21.6pp

64.84%-51.6pp

31.27%-18.0pp

Employer contribution / active EE

$1,128

$1,991-43.4%

$4,675-75.9%

$2,728-58.7%

Participant deferral / active EE

$738

$2,824-73.9%

$5,631-86.9%

$4,651-84.1%

Admin fee / account holder

$46

$437-89.5%

$15,885-99.7%

$433-89.4%

Provider

Service type

Compensation

CREATIVE PENSION CONSULTANTS, INC.1 year

Service code 13

435 NEW KARNER ROAD CONCORD ST · ALBANY, NY 12205

Contract Administrator

$25,474

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 62 · EIN 82-4555287

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping fees; Float revenue

$8,600

AMERICAN FUNDS1 year

Filed as: CAPITAL BANK & TRUST

Service code 18

P.O. BOX 6040 · INDIANAPOLIS, IN 42606

Float revenue; Custodial (other than ...

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO

Service code 15

333 S. HOPE ST · LOST ANGELES, CA 90071

Recordkeeping

LIVING RESOURCES 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIVING RESOURCES 403(B) 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