Retirement plan

THE LIA GROUP 401(K) PLAN

Name: LIA GROUP, INC. - THE LIA GROUP 401(K) PLAN (2020) 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 2020

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

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$19M

+12.2% from 2019

Total participants

1,107

+13.8% from 2019

Average account balance

$20,505

-8.9% from 2019

Annual return

12.69%

-11.71 pp from 2019

Benchmarks

See 1,285 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,285 peers

Snapshot2020

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 6 by compensation

Provider	Service type	Compensation
CAMBRIDGE INVESTMENT RESEARCH1 year Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC. Service code 55 1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 525568757	Other Commissions	$74,146
NATIONWIDE6+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$36,270
CREATIVE PENSION CONSULTANTS, INC.1 year Service code 13 433 NEW KARNER ROAD · ALBANY, NY 12205	Contract Administrator	$17,004
CREATIVE PLAN ADMINISTRATORS, INC.6+ years Filed as: CREATIVE PLAN ADMINISTRATORS Service code 13 433 NEW KARNER ROAD · ALBANY, NY 12205	Contract Administrator	$14,346
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: FIRST GREAT-WEST LIFE & ANNUITY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,142
CREATIVE PLAN ADMINISTRATORS, INC.6+ years Service code 13	Contract Administrator	$4,847

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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$44 / participant

Investment mgmt$20K54.6%
Contract admin$17K45.4%

% of EOY assets

0.197%

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

$20,505

$64,286-68.1%

$90,970-77.5%

$73,412-72.1%

Participation rate

78.8%

63.6%+15.2pp

69.0%+9.8pp

72.2%+6.6pp

Annual return

12.69%

21.46%-8.8pp

134.60%-121.9pp

59.30%-46.6pp

Employer contribution / active EE

$356

$895-60.2%

$2,122-83.2%

$2,234-84.1%

Participant deferral / active EE

$2,135

$2,453-13.0%

$3,373-36.7%

$3,806-43.9%

Admin fee / account holder

$40

$287-85.9%

$5,961-99.3%

$158-74.4%

Provider

Service type

Compensation

CAMBRIDGE INVESTMENT RESEARCH1 year

Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC.

Service code 55

1776 PLEASANT PLAIN ROAD · FAIRFIELD, IA 525568757

Other Commissions

$74,146

NATIONWIDE6+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$36,270

CREATIVE PENSION CONSULTANTS, INC.1 year

Service code 13

433 NEW KARNER ROAD · ALBANY, NY 12205

Contract Administrator

$17,004

CREATIVE PLAN ADMINISTRATORS, INC.6+ years

Filed as: CREATIVE PLAN ADMINISTRATORS

Service code 13

433 NEW KARNER ROAD · ALBANY, NY 12205

Contract Administrator

$14,346

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: FIRST GREAT-WEST LIFE & ANNUITY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,142

CREATIVE PLAN ADMINISTRATORS, INC.6+ years

Service code 13

Contract Administrator

$4,847

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