Retirement plan

LAND & COMPANY EMPLOYEES' RETIREMENT SAVINGS PLAN

Name: LAND & COMPANY - LAND & COMPANY EMPLOYEES' RETIREMENT SAVINGS PLAN (2016) Form 5500
Creator: LAND & COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAND & COMPANY EMPLOYEES' RETIREMENT SAVINGS PLAN, LAND & COMPANY

LAND & COMPANYEIN 38-2733438Plan #001PY 2016

1701 PORTER SW, SUITE 6 - WYOMING, MI 49509616-534-5792landcoapartments.comLinkedIn51-200 employeesreal estate

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.3M

+11.9% from 2015

Total participants

118

+2.6% from 2015

Average account balance

$38,092

+9.3% from 2015

Annual return

7.23%

+9.60 pp from 2015

Benchmarks

See 896 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort896 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.79M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

83.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$598K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3914

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

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$33,486
LPL FINANCIAL2+ years Service code 27 9785 TOWNE CENTRE DRIVE · SAN DIEGO, CA 92121	Advisory (Plan)	$22,758
REHMANN ROBSON2+ years Filed as: REHMANN FINANCIAL GROUP Service code 63 2330 EAST PARIS AVE SE · GRAND RAPIDS, MI 49546	12b-1 Fees	$8,005

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$41K

$381 / participant

Contract admin$33K80.7%
Other / not subdivided$8K19.3%

% of EOY assets

1.267%

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: VREDEVELD HAEFNER LLC
Auditor EIN: 412208930
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,092

$50,898-25.2%

$171,082-77.7%

$55,167-31.0%

Participation rate

70.6%

63.3%+7.4pp

76.7%-6.1pp

69.0%+1.7pp

Annual return

7.23%

15.34%-8.1pp

32.56%-25.3pp

169.23%-162.0pp

Employer contribution / active EE

$750

$1,433-47.6%

$4,002-81.2%

$1,963-61.8%

Participant deferral / active EE

$2,230

$2,994-25.5%

$4,797-53.5%

$3,054-27.0%

Admin fee / account holder

$482

$500-3.4%

$8,520-94.3%

$504-4.3%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$33,486

LPL FINANCIAL2+ years

Service code 27

9785 TOWNE CENTRE DRIVE · SAN DIEGO, CA 92121

Advisory (Plan)

$22,758

REHMANN ROBSON2+ years

Filed as: REHMANN FINANCIAL GROUP

Service code 63

2330 EAST PARIS AVE SE · GRAND RAPIDS, MI 49546

12b-1 Fees

$8,005

LAND & COMPANY EMPLOYEES' RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAND & COMPANY EMPLOYEES' RETIREMENT SAVINGS 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