Retirement plan

LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN

Name: LIFE-SCIENCE INNOVATIONS, LLC - LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN (2018) Form 5500
Creator: LIFE-SCIENCE INNOVATIONS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN, LIFE-SCIENCE INNOVATIONS, LLC

LIFE-SCIENCE INNOVATIONS, LLCEIN 27-0123014Plan #001PY 2018

1800 TECHNOLOGY DRIVE NE - WILLMAR, MN 56201320-222-9750life-scienceinnovations.comLinkedIn51-200 employeesexecutive office

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$68.2M

+8.3% from 2017

Total participants

2,363

-1.3% from 2017

Average account balance

$39,069

+2.6% from 2017

Annual return

8.40%

-3.64 pp from 2017

Benchmarks

See 65 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort65 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$104.16M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

2,295

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.37M

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

+12.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$120

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 6 by compensation

Provider	Service type	Compensation
GOLDLEAF PARTNERS3+ years Service code 13 PO BOX 806 · BRAINERD, MN 56401	Contract Administrator	$69,296
MMA SECURITIES LLC1 year Service code 27 PO BOX 9497 · NEW YORK, NY 10087	Advisory (Plan)	$59,895
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, MN 80111	Recordkeeping Fees	$23,934
LPL FINANCIAL3+ years Filed as: LPL FINANCIAL CORPORATION Service code 27 PO BOX 502533 · SAN DIEGO, CA 921502533	Advisory (Plan)	$16,481
LATHAM & WATKINS LLP3+ years Filed as: LATHAM & PARKER, LLP Service code 10 PO BOX 656 · WILLMAR, MN 56201	Accounting	$6,975
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE Service code 33 200 S 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$199

Plan features & details

Pension benefit codes2E2J2K2F2G2R3D2S2T3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$111K

$59 / participant

Contract admin$111K100.0%

% of EOY assets

0.163%

all-in expense ratio

Categories reported

1 / 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: LATHAM & PARKER, LLP
Auditor EIN: 411596605
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,069

$260,849-85.0%

$105,736-63.1%

$75,289-48.1%

Participation rate

67.5%

51.6%+15.9pp

76.3%-8.9pp

72.4%-5.0pp

Annual return

8.40%

10.99%-2.6pp

6.27%+2.1pp

-0.04%+8.4pp

Employer contribution / active EE

$1,104

$848+30.2%

$3,268-66.2%

$2,405-54.1%

Participant deferral / active EE

$1,566

$1,553+0.8%

$4,080-61.6%

$3,739-58.1%

Admin fee / account holder

$64

$484-86.8%

$6,913-99.1%

$102-37.7%

Provider

Service type

Compensation

GOLDLEAF PARTNERS3+ years

Service code 13

PO BOX 806 · BRAINERD, MN 56401

Contract Administrator

$69,296

MMA SECURITIES LLC1 year

Service code 27

PO BOX 9497 · NEW YORK, NY 10087

Advisory (Plan)

$59,895

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, MN 80111

Recordkeeping Fees

$23,934

LPL FINANCIAL3+ years

Filed as: LPL FINANCIAL CORPORATION

Service code 27

PO BOX 502533 · SAN DIEGO, CA 921502533

Advisory (Plan)

$16,481

LATHAM & WATKINS LLP3+ years

Filed as: LATHAM & PARKER, LLP

Service code 10

PO BOX 656 · WILLMAR, MN 56201

Accounting

$6,975

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE

Service code 33

200 S 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$199

LIFE-SCIENCE INNOVATIONS AND AFFILIATES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFE-SCIENCE INNOVATIONS AND AFFILIATES 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