Retirement plan

LYONS & COMPANY, INC. MULTIPLE EMPLOYER PLAN

Name: LYONS & COMPANY, INC. - LYONS & COMPANY, INC. MULTIPLE EMPLOYER PLAN (2015) Form 5500
Creator: LYONS & COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LYONS & COMPANY, INC. MULTIPLE EMPLOYER PLAN, LYONS & COMPANY, INC.

LYONS & COMPANY, INC.EIN 20-4033514Plan #001PY 2015

201 SOUTH COURT STREET, SUITE 700 - FLORENCE, AL 35630256-767-5900

Prospect flagsLow returnsHigh feesLow participationLow assets / participantLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$14.4M

No prior year

Total participants

1,522

No prior year

Average account balance

$25,051

No prior year

Annual return

-7.59%

No prior year

Benchmarks

See 568 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort568 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$79.91M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

2,487

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.

43.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.40M

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

+9.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$332

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 5 by compensation

Provider	Service type	Compensation
SLAVIC INTEGRATED ADMINISTRATION1+ years Service code 15 · EIN 65-0608221	Recordkeeping	$135,883
LPL FINANCIAL1+ years Service code 27 · EIN 04-3046611	Advisory (Plan)	$29,869
LYONS & COMPANY, INC.1+ years Service code 14 · EIN 20-4033514	Plan Administrator	$24,124
SLAVIC INTEGRATED ADMINISTRATION1+ years Filed as: SLAVIC MUTUAL FUND MANAGMENT CORP Service code 28 · EIN 59-2749576	Investment Management	$21,013
FINANCIAL TELESIS1+ years Service code 27 4340 REDWOOD HWY, SUITE B-60 · SAN RAFAEL, CA 94903	Advisory (Plan)	$5,011

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

7 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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return 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.
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

$199K

$145 / participant

Investment mgmt$56K28.2%
Contract admin$143K71.8%

% of EOY assets

1.376%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CDPA, P.C.
Auditor EIN: 630967873
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,051

$86,791-71.1%

$115,037-78.2%

$59,188-57.7%

Participation rate

31.1%

72.8%-41.7pp

81.4%-50.3pp

69.4%-38.3pp

Annual return

-7.59%

4.44%-12.0pp

26.14%-33.7pp

5.51%-13.1pp

Employer contribution / active EE

$451

$2,950-84.7%

$4,608-90.2%

$2,098-78.5%

Participant deferral / active EE

$885

$5,298-83.3%

$6,026-85.3%

$3,265-72.9%

Admin fee / account holder

$345

$95+263.0%

$8,175-95.8%

$92+273.7%

Provider

Service type

Compensation

SLAVIC INTEGRATED ADMINISTRATION1+ years

Service code 15 · EIN 65-0608221

Recordkeeping

$135,883

LPL FINANCIAL1+ years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$29,869

LYONS & COMPANY, INC.1+ years

Service code 14 · EIN 20-4033514

Plan Administrator

$24,124

SLAVIC INTEGRATED ADMINISTRATION1+ years

Filed as: SLAVIC MUTUAL FUND MANAGMENT CORP

Service code 28 · EIN 59-2749576

Investment Management

$21,013

FINANCIAL TELESIS1+ years

Service code 27

4340 REDWOOD HWY, SUITE B-60 · SAN RAFAEL, CA 94903

Advisory (Plan)

$5,011

LYONS & COMPANY, INC. MULTIPLE EMPLOYER PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LYONS & COMPANY, INC. MULTIPLE EMPLOYER 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