Retirement plan

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

Name: L'ANSE WARDEN ELECTRIC COMPANY, LLC - L'ANSE WARDEN ELECTRIC COMPANY, LLC UNION EMPLOYEES 401(K) PLAN (2021) Form 5500
Creator: L'ANSE 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, L'ANSE WARDEN ELECTRIC COMPANY, LLC

L'ANSE WARDEN ELECTRIC COMPANY, LLCEIN 38-3758562Plan #001PY 2021

157 SOUTH MAIN STREET - LANSE, MI 49946906-524-4851

Other plans on this EIN

2 filings

#002Retirement-$799K assets #003Retirement-$615K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1M

+6.5% from 2020

Total participants

+5.6% from 2020

Average account balance

$52,697

+0.9% from 2020

Annual return

12.62%

-11.44 pp from 2020

Benchmarks

See 1,525 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,525 peers

Snapshot2021

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 codes2E2F2G2J2T3D3H

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.
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

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

$196K

$13084 / participant

Other / not subdivided$196K100.0%

% of EOY assets

19.602%

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

$52,697

$114,237-53.9%

$119,258-55.8%

$167,518-68.5%

Participation rate

100.0%

83.7%+16.3pp

82.7%+17.3pp

82.1%+17.9pp

Annual return

12.62%

29.87%-17.2pp

30.69%-18.1pp

478.71%-466.1pp

Employer contribution / active EE

$2,978

$4,481-33.5%

$4,384-32.1%

$4,838-38.4%

Participant deferral / active EE

$6,236

$6,084+2.5%

$6,111+2.0%

$6,342-1.7%

Admin fee / account holder

$10,330

$8,932+15.6%

$7,226+43.0%

$12,312-16.1%

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