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 (2022) 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 2022

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

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$85.2M

-11.6% from 2021

Total participants

450

+12.8% from 2021

Average account balance

$189,354

-22.6% from 2021

Annual return

-17.41%

-23.67 pp from 2021

Benchmarks

See 122 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort122 peers

Snapshot2022

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 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$3,234

Plan features & details

Pension benefit codes2T3H2E2F2G2J3B3D

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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$16 / participant

Investment mgmt$2K42.6%
Other / not subdivided$3K57.4%

% of EOY assets

0.007%

all-in expense ratio

Categories reported

1 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$189,354

$130,655+44.9%

$93,759+102.0%

$64,819+192.1%

Participation rate

100.0%

84.9%+15.1pp

81.0%+19.0pp

71.5%+28.5pp

Annual return

-17.41%

-14.04%-3.4pp

-11.33%-6.1pp

32.84%-50.3pp

Employer contribution / active EE

$10,746

$5,594+92.1%

$4,324+148.5%

$2,507+328.7%

Participant deferral / active EE

$12,842

$8,067+59.2%

$6,096+110.7%

$4,311+197.9%

Admin fee / account holder

$13

$140-91.1%

$7,197-99.8%

$188-93.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$3,234

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