Retirement plan

THE LIA GROUP 401(K) PLAN

Name: LIA GROUP, INC. - THE LIA GROUP 401(K) PLAN (2018) Form 5500
Creator: LIA GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LIA GROUP 401(K) PLAN, LIA GROUP, INC.

LIA GROUP, INC.EIN 14-1787128Plan #002PY 2018

P.O. BOX 5789, 1258 CENTRAL AVE - ALBANY, NY 12205518-489-2111

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$12.8M

-1.6% from 2017

Total participants

923

+12.3% from 2017

Average account balance

$18,699

-25.3% from 2017

Annual return

-6.14%

-28.50 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.57M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

845

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

$3.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$264

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
NATIONWIDE4+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$96,860
LPL FINANCIAL4+ years Filed as: LPL FINANCIAL CORPORATION Service code 26 ATTN COMISSIONS DEPT. · SAN DIEGO, CA 92121	Advisory (Participants)	$33,231
CREATIVE PLAN ADMINISTRATORS, INC.4+ years Filed as: CREATIVE PLAN ADMINISTRATORS Service code 17 433 NEW KARNER ROAD · ALBANY, NY 12205	Pension Consulting	$28,086
CREATIVE PLAN ADMINISTRATORS, INC.4+ years Service code 15	Recordkeeping	$7,765

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D3H

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.
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.
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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$30K

$38 / participant

Investment mgmt$20K65.5%
Contract admin$10K34.5%

% of EOY assets

0.237%

all-in expense ratio

Categories reported

2 / 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: RICHARDS WITT & CHARLES, LLP
Auditor EIN: 112498859
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,699

$35,485-47.3%

$74,551-74.9%

$55,725-66.4%

Participation rate

70.6%

62.5%+8.1pp

69.1%+1.5pp

70.9%-0.2pp

Annual return

-6.14%

0.72%-6.9pp

32.53%-38.7pp

244.93%-251.1pp

Employer contribution / active EE

$306

$777-60.7%

$1,961-84.4%

$2,078-85.3%

Participant deferral / active EE

$1,946

$2,181-10.8%

$3,108-37.4%

$3,356-42.0%

Admin fee / account holder

$44

$114-61.2%

$5,059-99.1%

$115-61.5%

Provider

Service type

Compensation

NATIONWIDE4+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$96,860

LPL FINANCIAL4+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 26

ATTN COMISSIONS DEPT. · SAN DIEGO, CA 92121

Advisory (Participants)

$33,231

CREATIVE PLAN ADMINISTRATORS, INC.4+ years

Filed as: CREATIVE PLAN ADMINISTRATORS

Service code 17

433 NEW KARNER ROAD · ALBANY, NY 12205

Pension Consulting

$28,086

CREATIVE PLAN ADMINISTRATORS, INC.4+ years

Service code 15

Recordkeeping

$7,765

THE LIA GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LIA GROUP 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