Retirement plan

L'ANSE WARDEN ELECTRIC COMPANY, LLC SALARIED EMPLOYEE 401(K) PLAN

Name: L'ANSE WARDEN ELECTRIC COMPANY, LLC - L'ANSE WARDEN ELECTRIC COMPANY, LLC SALARIED EMPLOYEE 401(K) PLAN (2023) 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 SALARIED EMPLOYEE 401(K) PLAN, L'ANSE WARDEN ELECTRIC COMPANY, LLC

L'ANSE WARDEN ELECTRIC COMPANY, LLCEIN 38-3758562Plan #002PY 2023

P.O. BOX 130, 157 S MAIN ST - LANSE, MI 49946906-524-4851

Other plans on this EIN

2 filings

#001Retirement-$1.1M assets #003Retirement-$593K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1M

+42.7% from 2022

Total participants

+16.7% from 2022

Average account balance

$143,374

+22.3% from 2022

Annual return

26.06%

+51.61 pp from 2022

Benchmarks

See 1,744 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,744 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$241K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+19.08%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8083

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

See the 10-year trajectory. $4.99 for your first month.

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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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$100

$17 / participant

Other / not subdivided$100100.0%

% of EOY assets

0.010%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,374

$94,752+51.3%

$112,887+27.0%

$139,434+2.8%

Participation rate

100.0%

81.3%+18.7pp

80.5%+19.5pp

80.3%+19.7pp

Annual return

26.06%

40.88%-14.8pp

34.10%-8.0pp

372.94%-346.9pp

Employer contribution / active EE

$4,458

$4,625-3.6%

$4,563-2.3%

$4,751-6.2%

Participant deferral / active EE

$15,034

$6,512+130.9%

$6,513+130.8%

$6,710+124.0%

Admin fee / account holder

$14

$8,527-99.8%

$7,047-99.8%

$11,403-99.9%

L'ANSE WARDEN ELECTRIC COMPANY, LLC SALARIED EMPLOYEE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L'ANSE WARDEN ELECTRIC COMPANY, LLC SALARIED EMPLOYEE 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