Retirement plan

LIV EMPLOYEE BENEFITS 401K PROFIT SHARING PLAN AND TRUST

Name: LIV EMPLOYEE BENEFITS - LIV EMPLOYEE BENEFITS 401K PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: LIV EMPLOYEE BENEFITS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIV EMPLOYEE BENEFITS 401K PROFIT SHARING PLAN AND TRUST, LIV EMPLOYEE BENEFITS

LIV EMPLOYEE BENEFITSEIN 20-8618503Plan #001PY 2020

502 WEST BLVD - RAPID CITY, SD 57701605-430-1711

Prospect flagsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$1.6M

+35.3% from 2019

Total participants

169

+36.3% from 2019

Average account balance

$20,232

+21.9% from 2019

Annual return

24.79%

-9.40 pp from 2019

Benchmarks

See 881 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.27M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

752

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.

70.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$76

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 3 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER1 year Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$1,216
ADP BROKER-DEALER6+ years Service code 49 · EIN 22-3319984	Other Services	$0
RBC WEALTH MANAGEMENT6+ years Service code 49 246 FOUNDERS PARK DR · RAPID CITY, SD 57709	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1K

$8 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.074%

all-in expense ratio

Categories reported

0 / 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: KETEL THORSTENSON, LLP
Auditor EIN: 460257538
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,232

$35,986-43.8%

$77,552-73.9%

$73,497-72.5%

Participation rate

41.7%

40.8%+0.9pp

54.2%-12.5pp

70.7%-29.0pp

Annual return

24.79%

19.26%+5.5pp

54.82%-30.0pp

28.51%-3.7pp

Employer contribution / active EE

$557-100.0%

$987-100.0%

$2,270-100.0%

Participant deferral / active EE

$1,344

$1,198+12.2%

$1,861-27.8%

$3,740-64.1%

Admin fee / account holder

$15

$466-96.8%

$2,859-99.5%

$513-97.1%

Provider

Service type

Compensation

ADP BROKER-DEALER1 year

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$1,216

ADP BROKER-DEALER6+ years

Service code 49 · EIN 22-3319984

Other Services

RBC WEALTH MANAGEMENT6+ years

Service code 49

246 FOUNDERS PARK DR · RAPID CITY, SD 57709

Other Services

LIV EMPLOYEE BENEFITS 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIV EMPLOYEE BENEFITS 401K PROFIT SHARING PLAN AND TRUST

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