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 (2017) 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 2017

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

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

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

Plan administrator

Plan administrator name— Sign in and upgrade to view

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)

$14.7M

+10.6% from 2016

Total participants

429

+1.7% from 2016

Average account balance

$42,033

+7.8% from 2016

Annual return

14.33%

+5.51 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ROYAL ALLIANCE ASSOCIATES INC3+ years Service code 49 · EIN 93-0987232	Other Services	$21,958
PRINCIPAL LIFE INSURANCE COMPANY3+ years Service code 13 · EIN 42-0127290	Contract Administrator	$3,592

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$4K

$10 / participant

Contract admin$4K100.0%

% of EOY assets

0.024%

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

$42,033

$46,173-9.0%

$170,435-75.3%

$69,631-39.6%

Participation rate

79.0%

63.9%+15.1pp

83.6%-4.6pp

70.7%+8.3pp

Annual return

14.33%

21.62%-7.3pp

205.94%-191.6pp

27571.02%-27556.7pp

Employer contribution / active EE

$1,234

$1,610-23.3%

$5,432-77.3%

$2,032-39.3%

Participant deferral / active EE

$1,867

$2,080-10.3%

$4,939-62.2%

$3,224-42.1%

Admin fee / account holder

$10

$116-91.1%

$13,881-99.9%

$110-90.7%

Provider

Service type

Compensation

ROYAL ALLIANCE ASSOCIATES INC3+ years

Service code 49 · EIN 93-0987232

Other Services

$21,958

PRINCIPAL LIFE INSURANCE COMPANY3+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$3,592

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