Retirement plan

LUZERNE COUNTY HEADSTART, INC. RETIREMENT PLAN

Name: LUZERNE COUNTY HEADSTART, INC. - LUZERNE COUNTY HEADSTART, INC. RETIREMENT PLAN (2024) Form 5500
Creator: LUZERNE COUNTY HEADSTART, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUZERNE COUNTY HEADSTART, INC. RETIREMENT PLAN, LUZERNE COUNTY HEADSTART, INC.

LUZERNE COUNTY HEADSTART, INC.EIN 23-2038753Plan #001PY 2024

23 BEEKMAN ST - WILKES BARRE, PA 18702570-829-6231luzernecountyheadstart.orgLinkedIn201-500 employeeseducation management

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$12.5M

+11.1% from 2023

Total participants

273

-3.9% from 2023

Average account balance

$51,632

+23.0% from 2023

Annual return

11.48%

-2.80 pp from 2023

Benchmarks

See 1,577 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,577 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.55M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

243

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.

86.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$842K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$165

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
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$40,172
CAMBRIDGE INVESTMENT RESEARCH2 years Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC. Service code 27 · EIN 20-1665305	Advisory (Plan)	$16,890

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$40K

$186 / participant

Investment mgmt$17K42.0%
Contract admin$23K58.0%

% of EOY assets

0.320%

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: SNYDER & CLEMENTE ACCTS & CONSULTIN
Auditor EIN: 232535812
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,632

$69,774-26.0%

$67,575-23.6%

$74,459-30.7%

Participation rate

86.1%

71.4%+14.7pp

72.9%+13.2pp

67.2%+18.9pp

Annual return

11.48%

-40.53%+52.0pp

3528.98%-3517.5pp

1369.70%-1358.2pp

Employer contribution / active EE

$2,460

$2,710-9.2%

$2,736-10.1%

$2,626-6.3%

Participant deferral / active EE

$1,436

$3,636-60.5%

$4,003-64.1%

$4,350-67.0%

Admin fee / account holder

$165

$890-81.4%

$3,993-95.9%

$1,945-91.5%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$40,172

CAMBRIDGE INVESTMENT RESEARCH2 years

Filed as: CAMBRIDGE INVESTMENT RESEARCH, INC.

Service code 27 · EIN 20-1665305

Advisory (Plan)

$16,890

LUZERNE COUNTY HEADSTART, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUZERNE COUNTY HEADSTART, INC. RETIREMENT 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