Retirement plan

LIGHTHOUSE ACADEMIES, INC MULTIPLE EMPLOYER 401(K) PLAN

Name: LIGHTHOUSE ACADEMIES, INC. - LIGHTHOUSE ACADEMIES, INC MULTIPLE EMPLOYER 401(K) PLAN (2016) Form 5500
Creator: LIGHTHOUSE ACADEMIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIGHTHOUSE ACADEMIES, INC MULTIPLE EMPLOYER 401(K) PLAN, LIGHTHOUSE ACADEMIES, INC.

LIGHTHOUSE ACADEMIES, INC.EIN 20-0332375Plan #001PY 2016

29140 CHAPEL PARK DR # 5A - WESLEY CHAPEL, FL 335434404813-345-0869lha.netLinkedIn501-1000 employeeseducation management

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.1M

No prior year

Total participants

974

No prior year

Average account balance

$10,332

No prior year

Annual return

5.33%

No prior year

Benchmarks

See 936 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort936 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.74M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

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.

3600.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1278

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

0 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
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA FINANCIAL Service code 15 · EIN 36-6071399	Recordkeeping	$11,205
ASCENSUS LLC1+ years Filed as: ADMIN PARTNERS LLC Service code 13	Contract Administrator	$7,500
MMA SECURITIES LLC1+ years Filed as: MMA SECURITIES, LLC Service code 27 · EIN 22-3570393	Advisory (Plan)	$5,383
ADMIN. GROUP, LLC DBA TAG RESOURCES1+ years Filed as: ADMIN PARTNER LLC Service code 15	Recordkeeping	$4,891
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,377
ASCENSUS LLC1+ years Filed as: ADMIN PARTNERS, LLC Service code 13 · EIN 26-3310639	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2F2J2K2T3D

Plan features

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.
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

6 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 employer contribution
Employer 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$14K

$15 / participant

Contract admin$3K21.0%
Other / not subdivided$11K79.0%

% of EOY assets

0.279%

all-in expense ratio

Categories reported

1 / 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: KAHN LITWIN RENZA AND CO
Auditor EIN: 050409387
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,332

$68,408-84.9%

$57,196-81.9%

$57,658-82.1%

Participation rate

50.6%

79.1%-28.5pp

75.3%-24.7pp

70.2%-19.6pp

Annual return

5.33%

8.51%-3.2pp

14.59%-9.3pp

5.13%+0.2pp

Employer contribution / active EE

$386

$2,869-86.6%

$2,683-85.6%

$1,974-80.5%

Participant deferral / active EE

$574

$2,903-80.2%

$3,096-81.5%

$3,061-81.2%

Admin fee / account holder

$29

$70-58.6%

$3,141-99.1%

$95-69.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA FINANCIAL

Service code 15 · EIN 36-6071399

Recordkeeping

$11,205

ASCENSUS LLC1+ years

Filed as: ADMIN PARTNERS LLC

Service code 13

Contract Administrator

$7,500

MMA SECURITIES LLC1+ years

Filed as: MMA SECURITIES, LLC

Service code 27 · EIN 22-3570393

Advisory (Plan)

$5,383

ADMIN. GROUP, LLC DBA TAG RESOURCES1+ years

Filed as: ADMIN PARTNER LLC

Service code 15

Recordkeeping

$4,891

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,377

ASCENSUS LLC1+ years

Filed as: ADMIN PARTNERS, LLC

Service code 13 · EIN 26-3310639

Contract Administrator

LIGHTHOUSE ACADEMIES, INC MULTIPLE EMPLOYER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIGHTHOUSE ACADEMIES, INC MULTIPLE EMPLOYER 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