Retirement plan

EAST LAKE MANAGEMENT AND DEVELOPMENT CORPORATION RETIREMENT AND SAVINGS PLAN AND TRUST

Name: EAST LAKE MANAGEMENT & DEVELOPMENT CORPORATION - EAST LAKE MANAGEMENT AND DEVELOPMENT CORPORATION RETIREMENT AND SAVINGS PLAN AND TRUST (2022) Form 5500
Creator: EAST LAKE MANAGEMENT & DEVELOPMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EAST LAKE MANAGEMENT AND DEVELOPMENT CORPORATION RETIREMENT AND SAVINGS PLAN AND TRUST, EAST LAKE MANAGEMENT & DEVELOPMENT CORPORATION

EAST LAKE MANAGEMENT & DEVELOPMENT CORPORATIONEIN 36-3309901Plan #001PY 2022

2850 S. MICHIGAN AVE., SUITE 100 - CHICAGO, IL 606163230312-842-5500

Prospect flagsLow returnsHigh feesLow participationLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$3M

-21.8% from 2021

Total participants

482

-5.3% from 2021

Average account balance

$39,653

-22.8% from 2021

Annual return

-20.79%

-34.08 pp from 2021

Benchmarks

See 645 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort645 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.89M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

15.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$241K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$657

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

+17.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1367

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY8+ years Service code 27 · EIN 26-4310632	Advisory (Plan)	$14,210
ALLIANCE PENSION CONSULTANTS, LLC8+ years Service code 15 · EIN 36-4389114	Recordkeeping	$10,411
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$2,277
CHARLES SCHWAB & CO., INC.6 years Service code 18 · EIN 94-1737782	Shareholder servicing fees; Custodial...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

6 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$25K

$54 / participant

Investment mgmt$14K57.7%
Other / not subdivided$10K42.3%

% of EOY assets

0.817%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MK GROUP CPAS & CONSULTANTS LLC
Auditor EIN: 842921323
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,653

$50,458-21.4%

$159,960-75.2%

$64,808-38.8%

Participation rate

10.8%

68.0%-57.3pp

78.0%-67.2pp

71.5%-60.7pp

Annual return

-20.79%

-13.42%-7.4pp

408.60%-429.4pp

32.82%-53.6pp

Employer contribution / active EE

$1,722-100.0%

$4,226-100.0%

$2,506-100.0%

Participant deferral / active EE

$602

$4,004-85.0%

$6,182-90.3%

$4,310-86.0%

Admin fee / account holder

$324

$706-54.1%

$8,698-96.3%

$188+72.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY8+ years

Service code 27 · EIN 26-4310632

Advisory (Plan)

$14,210

ALLIANCE PENSION CONSULTANTS, LLC8+ years

Service code 15 · EIN 36-4389114

Recordkeeping

$10,411

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$2,277

CHARLES SCHWAB & CO., INC.6 years

Service code 18 · EIN 94-1737782

Shareholder servicing fees; Custodial...

EAST LAKE MANAGEMENT AND DEVELOPMENT CORPORATION RETIREMENT AND SAVINGS PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EAST LAKE MANAGEMENT AND DEVELOPMENT CORPORATION RETIREMENT AND SAVINGS PLAN AND TRUST

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