Retirement plan

LOOP CAPITAL MARKETS, LLC 401(K) PLAN & TRUST

Name: LOOP CAPITAL MARKETS, LLC - LOOP CAPITAL MARKETS, LLC 401(K) PLAN & TRUST (2018) Form 5500
Creator: LOOP CAPITAL MARKETS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOOP CAPITAL MARKETS, LLC 401(K) PLAN & TRUST, LOOP CAPITAL MARKETS, LLC

LOOP CAPITAL MARKETS, LLCEIN 36-4164012Plan #001PY 2018

111 WEST JACKSON BLVD, STE 1901 - CHICAGO, IL 60604312-913-4912

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$21.4M

+0.5% from 2017

Total participants

243

+3.0% from 2017

Average account balance

$94,202

-1.3% from 2017

Annual return

-3.03%

-20.45 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.83M

Not enough data

1 years with asset history on file

Average account balance

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

$154K

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.

337

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+17.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$349

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 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL1 year Service code 99 · EIN 04-3046611	Other Fees	$22,556
LOOP CAPITAL ASSET MANAGEMENT1 year Filed as: LOOP CAPITAL MARKETS LLC Service code 99 · EIN 33-3000333	Other Fees	$11,786
LOOP CAPITAL ASSET MANAGEMENT3 years Filed as: LOOP CAPITAL MARKETS Service code 99 · EIN 22-2000222	Other Fees	$7,842

Plan features & details

Pension benefit codes2E2F2J2K3D

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.
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.
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

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

$29K

$160 / participant

Investment mgmt$21K72.0%
Contract admin$8K28.0%

% of EOY assets

0.136%

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: MITCHELL & TITUS
Auditor EIN: 132781641
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,202

$79,523+18.5%

$140,019-32.7%

$56,289+67.4%

Participation rate

91.2%

85.7%+5.5pp

87.5%+3.7pp

69.9%+21.3pp

Annual return

-3.03%

2.39%-5.4pp

651.17%-654.2pp

-9.96%+6.9pp

Employer contribution / active EE

$3,350-100.0%

$5,605-100.0%

$2,111-100.0%

Participant deferral / active EE

$10,666

$5,129+108.0%

$6,927+54.0%

$3,350+218.4%

Admin fee / account holder

$128

$614-79.2%

$10,705-98.8%

$521-75.4%

Provider

Service type

Compensation

LPL FINANCIAL1 year

Service code 99 · EIN 04-3046611

Other Fees

$22,556

LOOP CAPITAL ASSET MANAGEMENT1 year

Filed as: LOOP CAPITAL MARKETS LLC

Service code 99 · EIN 33-3000333

Other Fees

$11,786

LOOP CAPITAL ASSET MANAGEMENT3 years

Filed as: LOOP CAPITAL MARKETS

Service code 99 · EIN 22-2000222

Other Fees

$7,842

LOOP CAPITAL MARKETS, LLC 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOOP CAPITAL MARKETS, LLC 401(K) PLAN & 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