Retirement plan

NORTHERN LIGHTS SERVICES, INC. 403(B) TAX DEFERRED SAVINGS PROGRAM

Name: NORTHERN LIGHTS SERVICES, INC. - NORTHERN LIGHTS SERVICES, INC. 403(B) TAX DEFERRED SAVINGS PROGRAM (2020) Form 5500
Creator: NORTHERN LIGHTS SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN LIGHTS SERVICES, INC. 403(B) TAX DEFERRED SAVINGS PROGRAM, NORTHERN LIGHTS SERVICES, INC.

NORTHERN LIGHTS SERVICES, INC.EIN 39-0808453Plan #002PY 2020

706 BRATLEY DRIVE - WASHBURN, WI 54891715-373-5621

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

-3.8% from 2019

Total participants

176

+9.3% from 2019

Average account balance

$28,176

-18.4% from 2019

Annual return

12.72%

-6.85 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.34M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

131.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6666

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 2 by compensation

Provider	Service type	Compensation
WIPFLI LLP6+ years Service code 14 · EIN 39-0758449	Plan Administrator	$12,471
PETERSON WHITAKER & BJORK1 year Service code 10 3140 HARBOR LANE, SUITE 100 · PLYMOUTH, MN 55447	Accounting	$7,931

Plan features & details

Pension benefit codes2G2M3D2F

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$17K

$115 / participant

Contract admin$9K54.4%
Other / not subdivided$8K45.6%

% of EOY assets

0.782%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PETERSON WHITAKER & BJORK, LLC
Auditor EIN: 461138140
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,176

$58,888-52.2%

$178,499-84.2%

$73,493-61.7%

Participation rate

36.2%

66.2%-30.0pp

81.9%-45.7pp

70.7%-34.5pp

Annual return

12.72%

24.86%-12.1pp

151.10%-138.4pp

28.51%-15.8pp

Employer contribution / active EE

$353

$2,236-84.2%

$5,011-93.0%

$2,270-84.4%

Participant deferral / active EE

$855

$2,568-66.7%

$5,202-83.6%

$3,740-77.1%

Admin fee / account holder

$220

$400-45.0%

$13,986-98.4%

$513-57.1%

Provider

Service type

Compensation

WIPFLI LLP6+ years

Service code 14 · EIN 39-0758449

Plan Administrator

$12,471

PETERSON WHITAKER & BJORK1 year

Service code 10

3140 HARBOR LANE, SUITE 100 · PLYMOUTH, MN 55447

Accounting

$7,931

NORTHERN LIGHTS SERVICES, INC. 403(B) TAX DEFERRED SAVINGS PROGRAM

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN LIGHTS SERVICES, INC. 403(B) TAX DEFERRED SAVINGS PROGRAM

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