Retirement plan

LS POWER DEVELOPMENT, LLC 401(K) AND PROFIT SHARING PLAN

Name: LS POWER DEVELOPMENT, LLC - LS POWER DEVELOPMENT, LLC 401(K) AND PROFIT SHARING PLAN (2024) Form 5500
Creator: LS POWER DEVELOPMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LS POWER DEVELOPMENT, LLC 401(K) AND PROFIT SHARING PLAN, LS POWER DEVELOPMENT, LLC

LS POWER DEVELOPMENT, LLCEIN 22-3779323Plan #001PY 2024

ONE TOWER CENTER , 21ST FLOOR - EAST BRUNSWICK, NJ 08816732-249-6750LinkedIn1-10 employeesutilities

Prospect flagsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$139M

+24.9% from 2023

Total participants

566

+12.3% from 2023

Average account balance

$249,061

+11.9% from 2023

Annual return

18.70%

-5.53 pp from 2023

Benchmarks

See 128 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort128 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$138.98M

Not enough data

1 years with asset history on file

Average account balance

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

$249K

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.

558

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+18.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$8,410
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$3,631

Plan features & details

Pension benefit codes2F2G2J2T3B3H3D2E

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$27 / participant

Recordkeeping$4K30.2%
Investment mgmt$8K69.8%

% of EOY assets

0.009%

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: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$249,061

$155,364+60.3%

$103,065+141.7%

$77,762+220.3%

Participation rate

98.2%

85.5%+12.7pp

80.6%+17.6pp

70.6%+27.6pp

Annual return

18.70%

19.01%-0.3pp

23.95%-5.3pp

31.27%-12.6pp

Employer contribution / active EE

$11,443

$5,949+92.3%

$4,675+144.8%

$2,728+319.4%

Participant deferral / active EE

$14,097

$8,482+66.2%

$6,625+112.8%

$4,651+203.1%

Admin fee / account holder

$22

$503-95.7%

$9,349-99.8%

$433-95.0%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$8,410

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$3,631

LS POWER DEVELOPMENT, LLC 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LS POWER DEVELOPMENT, LLC 401(K) AND PROFIT SHARING 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