Retirement plan

LAFACE & MCGOVERN ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN

Name: LAFACE & MCGOVERN ASSOCIATES, INC. - LAFACE & MCGOVERN ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN (2016) Form 5500
Creator: LAFACE & MCGOVERN ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAFACE & MCGOVERN ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN, LAFACE & MCGOVERN ASSOCIATES, INC.

LAFACE & MCGOVERN ASSOCIATES, INC.EIN 25-1225406Plan #001PY 2016

5330 ENTERPRISE BOULEVARD, P.O. BOX 515 - BETHEL PARK, PA 15102412-351-6121

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.3M

-5.8% from 2015

Total participants

-3.8% from 2015

Average account balance

$222,403

-2.1% from 2015

Annual return

6.16%

+4.80 pp from 2015

Benchmarks

See 9,335 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,335 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.19M

Not enough data

1 years with asset history on file

Average account balance

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

$274K

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.

129.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+9.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$132580

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 codes2E2F2J2T3D3H

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).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

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

$2.2M

$49174 / participant

Other / not subdivided$2M100.0%

% of EOY assets

19.076%

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

$222,403

$69,977+217.8%

$108,582+104.8%

$62,881+253.7%

Participation rate

100.0%

72.9%+27.1pp

79.6%+20.4pp

69.3%+30.7pp

Annual return

6.16%

10.73%-4.6pp

-51.70%+57.9pp

20.14%-14.0pp

Employer contribution / active EE

$9,653

$2,135+352.2%

$3,758+156.8%

$2,281+323.2%

Participant deferral / active EE

$6,669

$3,165+110.7%

$4,311+54.7%

$3,203+108.2%

Admin fee / account holder

$42,425

$5,076+735.7%

$7,645+454.9%

$4,296+887.6%

LAFACE & MCGOVERN ASSOCIATES, INC. EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAFACE & MCGOVERN ASSOCIATES, INC. EMPLOYEES' 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