Retirement plan

LUZERNE COUNTY HEADSTART, INC. RETIREMENT PLAN

Name: LUZERNE COUNTY HEADSTART, INC. - LUZERNE COUNTY HEADSTART, INC. RETIREMENT PLAN (2020) 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 2020

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)

$9.1M

+20.0% from 2019

Total participants

319

+0.9% from 2019

Average account balance

$30,606

+9.9% from 2019

Annual return

12.79%

-5.91 pp from 2019

Benchmarks

See 929 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort929 peers

Snapshot2020

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 1 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3 years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$1,280

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

$1K

$5 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.014%

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

$30,606

$84,948-64.0%

$70,462-56.6%

$73,412-58.3%

Participation rate

91.2%

79.9%+11.3pp

75.1%+16.1pp

72.2%+19.0pp

Annual return

12.79%

13.39%-0.6pp

109.08%-96.3pp

59.30%-46.5pp

Employer contribution / active EE

$2,840

$2,834+0.2%

$2,737+3.7%

$2,234+27.1%

Participant deferral / active EE

$804

$3,387-76.3%

$3,710-78.3%

$3,806-78.9%

Admin fee / account holder

$98-95.6%

$3,845-99.9%

$158-97.3%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$1,280

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