Retirement plan

LOYAL SOURCE GOVERNMENT SERVICES 401(K) PLAN

Name: LOYAL SOURCE GOVERNMENT SERVICES, LLC - LOYAL SOURCE GOVERNMENT SERVICES 401(K) PLAN (2020) Form 5500
Creator: LOYAL SOURCE GOVERNMENT SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOYAL SOURCE GOVERNMENT SERVICES 401(K) PLAN, LOYAL SOURCE GOVERNMENT SERVICES, LLC

LOYAL SOURCE GOVERNMENT SERVICES, LLCEIN 30-0564703Plan #001PY 2020

12612 CHALLENGER PARKWAY SUITE 365 - ORLANDO, FL 32826407-591-3087loyalsource.comLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$3.6M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7.4M

+22.6% from 2019

Total participants

3,732

+93.5% from 2019

Average account balance

$18,450

-14.0% from 2019

Annual return

20.83%

+20.83 pp from 2019

Benchmarks

See 305 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort305 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.10M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

775

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.

23.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$307

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 5 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC2+ years Service code 27 · EIN 13-2638166	Advisory (Plan)	$48,425
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$26,382
RETIREMENT SOLUTIONS SPECIALISTS2+ years Service code 14 · EIN 27-0293282	Plan Administrator	$11,482
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MESIROW FINANCIAL INVESTMENT MANAGE2+ years Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 49 · EIN 36-3429599	Other Services	$0

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$86K

$24 / participant

Investment mgmt$24K27.3%
Contract admin$63K72.7%

% of EOY assets

1.163%

all-in expense ratio

Categories reported

2 / 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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,450

$46,219-60.1%

$89,414-79.4%

$90,274-79.6%

Participation rate

7.4%

44.9%-37.5pp

68.0%-60.6pp

73.4%-65.9pp

Annual return

20.83%

25.71%-4.9pp

245.50%-224.7pp

53.97%-33.1pp

Employer contribution / active EE

$953-100.0%

$2,586-100.0%

$2,523-100.0%

Participant deferral / active EE

$396

$2,136-81.5%

$3,890-89.8%

$4,231-90.6%

Admin fee / account holder

$215

$147+46.2%

$4,883-95.6%

$114+88.2%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC2+ years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$48,425

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$26,382

RETIREMENT SOLUTIONS SPECIALISTS2+ years

Service code 14 · EIN 27-0293282

Plan Administrator

$11,482

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Service code 27 · EIN 61-1732930

Advisory (Plan)

MESIROW FINANCIAL INVESTMENT MANAGE2+ years

Filed as: MESIROW FINANCIAL INVESTMENT MGMT

Service code 49 · EIN 36-3429599

Other Services

LOYAL SOURCE GOVERNMENT SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOYAL SOURCE GOVERNMENT SERVICES 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