Retirement plan

LINDY PROPERTY MANAGEMENT 401(K) PLAN

Name: LINDY PROPERTY MANAGEMENT - LINDY PROPERTY MANAGEMENT 401(K) PLAN (2022) Form 5500
Creator: LINDY PROPERTY MANAGEMENT
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LINDY PROPERTY MANAGEMENT 401(K) PLAN, LINDY PROPERTY MANAGEMENT

LINDY PROPERTY MANAGEMENTEIN 23-2879335Plan #001PY 2022

309 YORK ROAD-SUITE 211 - JENKINTOWN, PA 19046215-886-8030lindyproperty.comLinkedIn51-200 employeesreal estate

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.4M

-12.9% from 2021

Total participants

191

+2.7% from 2021

Average account balance

$28,044

-20.6% from 2021

Annual return

-15.35%

-27.26 pp from 2021

Benchmarks

See 1,010 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,010 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.51M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

287

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.

66.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$762K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
THE VANGUARD GROUP, INC.6 years Service code 15 · EIN 23-1945930	Recordkeeping	$3,133
NWPS1 year Service code 15 300 E. JOPPA RD., STE 601 · TOWSON, MD 21286	Recordkeeping	$645

Plan features & details

Pension benefit codes2E2J2F2G3D2T2S

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$4K

$26 / participant

Contract admin$3K82.9%
Other / not subdivided$64517.1%

% of EOY assets

0.071%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FISCHER CUNNANE & ASSOCIATES LTD
Auditor EIN: 233060583
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,044

$59,105-52.6%

$160,009-82.5%

$66,938-58.1%

Participation rate

100.0%

68.1%+31.9pp

78.0%+22.0pp

69.8%+30.2pp

Annual return

-15.35%

-12.26%-3.1pp

408.85%-424.2pp

1.58%-16.9pp

Employer contribution / active EE

$1,876

$1,983-5.4%

$4,225-55.6%

$2,545-26.3%

Participant deferral / active EE

$2,905

$4,395-33.9%

$6,183-53.0%

$4,238-31.5%

Admin fee / account holder

$20

$591-96.7%

$8,715-99.8%

$594-96.7%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.6 years

Service code 15 · EIN 23-1945930

Recordkeeping

$3,133

NWPS1 year

Service code 15

300 E. JOPPA RD., STE 601 · TOWSON, MD 21286

Recordkeeping

$645

LINDY PROPERTY MANAGEMENT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LINDY PROPERTY MANAGEMENT 401(K) 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