Retirement plan

COMM. ON ECON.OPP. OF LUZERN TAX SHELTERED AN NUITY

Name: COMM ON ECON OPP OF LUZERN - COMM. ON ECON.OPP. OF LUZERN TAX SHELTERED AN NUITY (2016) Form 5500
Creator: COMM ON ECON OPP OF LUZERN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COMM. ON ECON.OPP. OF LUZERN TAX SHELTERED AN NUITY, COMM ON ECON OPP OF LUZERN

COMM ON ECON OPP OF LUZERNEIN 23-1653093Plan #002PY 2016

PO BOX 1127 - WILKES BARRE, PA 187031127570-826-0510

Other plans on this EIN

1 filing

#001Retirement-$4.3M assets

Prospect flagsLow returnsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$4M

-9.6% from 2015

Total participants

-8.0% from 2015

Average account balance

$52,135

-2.5% from 2015

Annual return

3.41%

+1.66 pp from 2015

Benchmarks

See 7,815 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort7,815 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.38M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

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.

119.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$264K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1546

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2L2M2T

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$759K

$10847 / participant

Other / not subdivided$759K100.0%

% of EOY assets

19.163%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,135

$48,078+8.4%

$78,676-33.7%

$62,881-17.1%

Participation rate

92.9%

65.2%+27.7pp

73.6%+19.3pp

69.3%+23.6pp

Annual return

3.41%

31.36%-28.0pp

62.19%-58.8pp

20.14%-16.7pp

Employer contribution / active EE

$2,015-100.0%

$2,850-100.0%

$2,281-100.0%

Participant deferral / active EE

$2,786

$2,587+7.7%

$3,517-20.8%

$3,203-13.0%

Admin fee / account holder

$9,991

$3,206+211.6%

$4,510+121.5%

$4,296+132.6%

COMM. ON ECON.OPP. OF LUZERN TAX SHELTERED AN NUITY

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COMM. ON ECON.OPP. OF LUZERN TAX SHELTERED AN NUITY

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