Retirement plan

LAKE HERITAGE EMPLOYEES 401(K) PROFIT SHARING PLAN

Name: LAKE HERITAGE PROPERTY OWNERS ASSOCIATION, INC. - LAKE HERITAGE EMPLOYEES 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: LAKE HERITAGE PROPERTY OWNERS ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKE HERITAGE EMPLOYEES 401(K) PROFIT SHARING PLAN, LAKE HERITAGE PROPERTY OWNERS ASSOCIATION, INC.

LAKE HERITAGE PROPERTY OWNERS ASSOCIATION, INC.EIN 23-1677132Plan #001PY 2024

1000 HERITAGE DRIVE - GETTYSBURG, PA 17325717-334-7242lakeheritage.orgLinkedIn1-10 employeesautomotive

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$246K

-3.6% from 2023

Total participants

+4.0% from 2023

Average account balance

$22,403

+22.7% from 2023

Annual return

11.33%

-0.77 pp from 2023

Benchmarks

See 49,898 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort49,898 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$246K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6740

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 codes2E2F2G2J2T3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$74K

$3370 / participant

Other / not subdivided$74K100.0%

% of EOY assets

30.084%

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

$22,403

$88,778-74.8%

$81,844-72.6%

$145,884-84.6%

Participation rate

31.8%

75.1%-43.3pp

72.4%-40.6pp

80.3%-48.5pp

Annual return

11.33%

1033.03%-1021.7pp

778.87%-767.5pp

551.85%-540.5pp

Employer contribution / active EE

$441

$3,087-85.7%

$2,916-84.9%

$4,662-90.5%

Participant deferral / active EE

$934

$4,648-79.9%

$4,323-78.4%

$6,690-86.0%

Admin fee / account holder

$6,740

$8,430-20.1%

$7,355-8.4%

$13,392-49.7%

LAKE HERITAGE EMPLOYEES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAKE HERITAGE EMPLOYEES 401(K) 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