Retirement plan

LUTHERAN SOCIAL SERVICES GROUP, INC. 401(K) RETIREMENT PLAN

Name: LUTHERAN SOCIAL SERVICE GROUP, INC. - LUTHERAN SOCIAL SERVICES GROUP, INC. 401(K) RETIREMENT PLAN (2015) Form 5500
Creator: LUTHERAN SOCIAL SERVICE GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUTHERAN SOCIAL SERVICES GROUP, INC. 401(K) RETIREMENT PLAN, LUTHERAN SOCIAL SERVICE GROUP, INC.

LUTHERAN SOCIAL SERVICE GROUP, INC.EIN 16-1548940Plan #001PY 2015

715 FALCONER ST - JAMESTOWN, NY 147011935716-665-4905

Prospect flagsLow fidelity bond

Top hat statement on fileNQDC

Filed September 4, 2020 (most recent of 2 filings on file)

Plan administrator

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715 Falconer Street

Jamestown, NY 14701

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Plans declared (1)

Lutheran Social Services Group, Inc. 457 Plan4 emp

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Total assets (EOY)

$12.2M

No prior year

Total participants

416

No prior year

Average account balance

$36,609

No prior year

Annual return

0.67%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.00M

Not enough data

1 years with asset history on file

Average account balance

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

$69K

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.

160

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.

71.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$434K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+9.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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 2 by compensation

Provider	Service type	Compensation
ROYAL ALLIANCE ASSOCIATES INC1+ years Service code 49 · EIN 93-0987232	Other Services	$19,438
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$4,745

Plan features & details

Pension benefit codes2E2G2J2K2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$5K

$13 / participant

Contract admin$5K100.0%

% of EOY assets

0.039%

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: BUFFAMANTE WHIPPLE BUTTAFARO, P.C
Auditor EIN: 161117932
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,609

$37,117-1.4%

$147,617-75.2%

$55,191-33.7%

Participation rate

77.0%

63.6%+13.4pp

84.6%-7.6pp

69.2%+7.8pp

Annual return

0.67%

3.44%-2.8pp

61.98%-61.3pp

10.78%-10.1pp

Employer contribution / active EE

$1,206

$1,620-25.6%

$5,564-78.3%

$1,899-36.5%

Participant deferral / active EE

$1,964

$1,985-1.1%

$4,895-59.9%

$3,046-35.5%

Admin fee / account holder

$14

$86-83.3%

$11,612-99.9%

$91-84.3%

Provider

Service type

Compensation

ROYAL ALLIANCE ASSOCIATES INC1+ years

Service code 49 · EIN 93-0987232

Other Services

$19,438

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$4,745

LUTHERAN SOCIAL SERVICES GROUP, INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUTHERAN SOCIAL SERVICES GROUP, INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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