Retirement plan

LADACIN NETWORK, INC. DEFINED CONTRIBUTION PLAN

Name: LADACIN NETWORK, INC. - LADACIN NETWORK, INC. DEFINED CONTRIBUTION PLAN (2022) Form 5500
Creator: LADACIN NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LADACIN NETWORK, INC. DEFINED CONTRIBUTION PLAN, LADACIN NETWORK, INC.

LADACIN NETWORK, INC.EIN 21-0674715Plan #004PY 2022

1703 KNEELEY BLVD. - WANAMASSA, NJ 07712732-493-5900ladacin.orgLinkedIn501-1000 employeeshospital & health care

Other plans on this EIN

2 filings

#001Retirement-$10.0M assets #003Retirement-$4.7M assets

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$3.8M

+2.7% from 2021

Total participants

346

0.0% from 2021

Average account balance

$12,433

+3.7% from 2021

Annual return

-11.57%

-21.10 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.92M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

291

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.

71.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$742K

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$137

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$12,455
RBC WEALTH MANAGEMENT5 years Filed as: RBC CAPITAL MARKETS, LLC Service code 27 · EIN 41-1416330	Advisory (Plan)	$6,329
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907	Recordkeeping Fees	$5,791
PRIME CAPITAL INVESTMENT ADVISORS5 years Filed as: PRIME PENSIONS, INC. Service code 14 · EIN 46-1224594	Plan Administrator	$0

Plan features & details

Pension benefit codes2A2E2F2G2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityLow participant contribution
Participant 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.

Expense breakdown

Schedule H Part II

Admin total

$23K

$92 / participant

Investment mgmt$22K96.0%
Contract admin$9204.0%

% of EOY assets

0.604%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,433

$65,125-80.9%

$143,797-91.4%

$66,949-81.4%

Participation rate

82.7%

65.2%+17.5pp

80.3%+2.3pp

69.8%+12.8pp

Annual return

-11.57%

-11.13%-0.4pp

-0.04%-11.5pp

1.57%-13.1pp

Employer contribution / active EE

$2,837

$2,362+20.1%

$4,952-42.7%

$2,545+11.5%

Participant deferral / active EE

$2,920-100.0%

$5,638-100.0%

$4,239-100.0%

Admin fee / account holder

$75

$503-85.1%

$14,679-99.5%

$594-87.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$12,455

RBC WEALTH MANAGEMENT5 years

Filed as: RBC CAPITAL MARKETS, LLC

Service code 27 · EIN 41-1416330

Advisory (Plan)

$6,329

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$5,791

PRIME CAPITAL INVESTMENT ADVISORS5 years

Filed as: PRIME PENSIONS, INC.

Service code 14 · EIN 46-1224594

Plan Administrator

LADACIN NETWORK, INC. DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LADACIN NETWORK, INC. DEFINED CONTRIBUTION 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