Retirement plan

THE LIFE & ANNUITY GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: THE LIFE & ANNUITY GROUP, INC. - THE LIFE & ANNUITY GROUP, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: THE LIFE & ANNUITY GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LIFE & ANNUITY GROUP, INC. 401(K) PROFIT SHARING PLAN, THE LIFE & ANNUITY GROUP, INC.

THE LIFE & ANNUITY GROUP, INC.EIN 33-1014766Plan #001PY 2023

100 PEARL ST - HARTFORD, CT 06103860-727-8165tlagconsulting.comLinkedIn11-50 employeesinsurance

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$2.4M

+25.9% from 2022

Total participants

-5.4% from 2022

Average account balance

$49,128

+0.2% from 2022

Annual return

16.08%

+36.11 pp from 2022

Benchmarks

See 7,176 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,176 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.46M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

293.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$347K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+11.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12728

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$314K

$9515 / participant

Other / not subdivided$314K100.0%

% of EOY assets

13.044%

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

$49,128

$125,797-60.9%

$170,043-71.1%

$75,173-34.6%

Participation rate

87.9%

83.6%+4.3pp

87.0%+0.9pp

67.2%+20.7pp

Annual return

16.08%

27.20%-11.1pp

53.40%-37.3pp

160.72%-144.6pp

Employer contribution / active EE

$431

$4,616-90.7%

$6,790-93.6%

$2,671-83.8%

Participant deferral / active EE

$14,730

$6,838+115.4%

$10,410+41.5%

$4,126+257.0%

Admin fee / account holder

$6,408

$8,177-21.6%

$12,824-50.0%

$5,651+13.4%

THE LIFE & ANNUITY GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LIFE & ANNUITY GROUP, INC. 401(K) 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