Retirement plan

LUZERNE COUNTY HEADSTART, INC. RETIREMENT PLAN

Name: LUZERNE COUNTY HEADSTART, INC. - LUZERNE COUNTY HEADSTART, INC. RETIREMENT PLAN (2017) 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 2017

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$6.8M

+20.4% from 2016

Total participants

246

+4.2% from 2016

Average account balance

$27,876

+15.9% from 2016

Annual return

14.03%

+6.68 pp from 2016

Benchmarks

See 1,431 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,431 peers

Snapshot2017

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

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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$720

$4 / participant

Other / not subdivided$720100.0%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,876

$57,976-51.9%

$63,018-55.8%

$62,293-55.3%

Participation rate

98.5%

75.9%+22.5pp

74.8%+23.7pp

69.5%+29.0pp

Annual return

14.03%

17.54%-3.5pp

87.62%-73.6pp

28.90%-14.9pp

Employer contribution / active EE

$2,502

$2,415+3.6%

$2,761-9.4%

$2,042+22.5%

Participant deferral / active EE

$679

$2,956-77.0%

$3,330-79.6%

$3,169-78.6%

Admin fee / account holder

$276-98.9%

$3,601-99.9%

$479-99.4%

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