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 (2023) 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 2023

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$111.3M

+30.6% from 2022

Total participants

504

+12.0% from 2022

Average account balance

$222,529

+17.5% from 2022

Annual return

24.23%

+41.64 pp from 2022

Benchmarks

See 137 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort137 peers

Snapshot2023

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.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$6,996
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$3,818

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D3H

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$11K

$27 / participant

Recordkeeping$4K32.5%
Investment mgmt$7K64.7%
Contract admin$3002.8%

% of EOY assets

0.010%

all-in expense ratio

Categories reported

3 / 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

$222,529

$331,159-32.8%

$112,899+97.1%

$74,460+198.9%

Participation rate

99.0%

81.4%+17.6pp

80.5%+18.5pp

70.7%+28.2pp

Annual return

24.23%

21.62%+2.6pp

34.11%-9.9pp

34.38%-10.1pp

Employer contribution / active EE

$11,062

$5,469+102.2%

$4,566+142.2%

$2,638+319.3%

Participant deferral / active EE

$13,579

$8,097+67.7%

$6,516+108.4%

$4,530+199.8%

Admin fee / account holder

$22

$281-92.3%

$7,047-99.7%

$348-93.8%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$6,996

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$3,818

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