Retirement plan

L'ANSE WARDEN ELECTRIC COMPANY, LLC UNION EMPLOYEES 401(K) PLAN

Name: LANSE WARDEN ELECTRIC COMPANY, LLC - L'ANSE WARDEN ELECTRIC COMPANY, LLC UNION EMPLOYEES 401(K) PLAN (2015) Form 5500
Creator: LANSE WARDEN ELECTRIC COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L'ANSE WARDEN ELECTRIC COMPANY, LLC UNION EMPLOYEES 401(K) PLAN, LANSE WARDEN ELECTRIC COMPANY, LLC

LANSE WARDEN ELECTRIC COMPANY, LLCEIN 38-3758562Plan #001PY 2015

29639 WILLOW ROAD, PO BOX 695 - WHITE PINE, MI 49971906-885-7185

Other plans on this EIN

2 filings

#003Retirement-$268K assets #002Retirement-$101K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$355K

No prior year

Total participants

No prior year

Average account balance

$29,593

No prior year

Annual return

0.87%

No prior year

Benchmarks

See 1,118 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,118 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.39M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

123.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$181K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J3D3H

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.
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

1 tripped

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

$16K

$1072 / participant

Other / not subdivided$16K100.0%

% of EOY assets

4.527%

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

$29,593

$77,976-62.0%

$81,367-63.6%

$125,389-76.4%

Participation rate

73.3%

83.3%-9.9pp

82.3%-9.0pp

83.2%-9.9pp

Annual return

0.87%

-2.85%+3.7pp

-0.92%+1.8pp

282.24%-281.4pp

Employer contribution / active EE

$4,366-100.0%

$3,930-100.0%

$4,866-100.0%

Participant deferral / active EE

$3,821

$5,646-32.3%

$5,383-29.0%

$5,352-28.6%

Admin fee / account holder

$1,340

$12,476-89.3%

$8,926-85.0%

$9,541-86.0%

L'ANSE WARDEN ELECTRIC COMPANY, LLC UNION EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L'ANSE WARDEN ELECTRIC COMPANY, LLC UNION EMPLOYEES 401(K) 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