Retirement plan

LIVEO RESEARCH, INC. RETIREMENT SAVINGS PLAN

Name: LIVEO RESEARCH, INC. - LIVEO RESEARCH, INC. RETIREMENT SAVINGS PLAN (2020) Form 5500
Creator: LIVEO RESEARCH, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIVEO RESEARCH, INC. RETIREMENT SAVINGS PLAN, LIVEO RESEARCH, INC.

LIVEO RESEARCH, INC.EIN 38-3655283Plan #001PY 2020

1389 SCHOOL HOUSE ROAD - NEW CASTLE, DE 19720302-838-3203

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.9M

+10.7% from 2019

Total participants

108

-12.2% from 2019

Average account balance

$64,082

+26.1% from 2019

Annual return

14.48%

-3.88 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.86M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

115.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$599K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+20.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16381

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL LIFE INSURANCE Service code 13 · EIN 42-0127290	Contract Administrator	$36,634
OSAIC WEALTH INC2 years Filed as: SSN ADVISORY, INC. Service code 27	Advisory (Plan)	$13,938
ATLANTIC PENSION SERVICES, INC.1 year Filed as: ATLANTIC PENSION SERVICES INC. Service code 13 · EIN 23-2942715	Contract Administrator	$3,126
ATLANTIC PENSIONS SERVICES INC1 year Service code 13	Contract Administrator	$2,783
OSAIC WEALTH INC1 year Filed as: SSN ADVISORY, INC Service code 27 · EIN 47-0913470	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED2 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2G2J2K3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$40K

$498 / participant

Contract admin$40K100.0%

% of EOY assets

0.575%

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: MORGENSTERN, WAXMAN, ELLERSHAW LLC
Auditor EIN: 814670608
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,082

$78,428-18.3%

$95,960-33.2%

$79,852-19.7%

Participation rate

100.0%

73.5%+26.5pp

77.1%+22.9pp

69.6%+30.4pp

Annual return

14.48%

19.37%-4.9pp

91.63%-77.2pp

31.72%-17.2pp

Employer contribution / active EE

$5,222

$1,945+168.5%

$2,541+105.5%

$2,471+111.3%

Participant deferral / active EE

$4,487

$3,440+30.4%

$4,167+7.7%

$3,740+20.0%

Admin fee / account holder

$369

$5,622-93.4%

$6,797-94.6%

$5,306-93.1%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL LIFE INSURANCE

Service code 13 · EIN 42-0127290

Contract Administrator

$36,634

OSAIC WEALTH INC2 years

Filed as: SSN ADVISORY, INC.

Service code 27

Advisory (Plan)

$13,938

ATLANTIC PENSION SERVICES, INC.1 year

Filed as: ATLANTIC PENSION SERVICES INC.

Service code 13 · EIN 23-2942715

Contract Administrator

$3,126

ATLANTIC PENSIONS SERVICES INC1 year

Service code 13

Contract Administrator

$2,783

OSAIC WEALTH INC1 year

Filed as: SSN ADVISORY, INC

Service code 27 · EIN 47-0913470

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED2 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

LIVEO RESEARCH, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIVEO RESEARCH, INC. 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