Retirement plan

LEGAL ACTION OF WISCONSIN, INC. 401(K) PROFIT SHARING PLAN

Name: LEGAL ACTION OF WISCONSIN, INC. - LEGAL ACTION OF WISCONSIN, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: LEGAL ACTION OF WISCONSIN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGAL ACTION OF WISCONSIN, INC. 401(K) PROFIT SHARING PLAN, LEGAL ACTION OF WISCONSIN, INC.

LEGAL ACTION OF WISCONSIN, INC.EIN 39-1077192Plan #001PY 2016

230 W. WELLS STREET, SUITE 800 - MILWAUKEE, WI 53203414-278-7777legalaction.orgLinkedIn51-200 employeeslaw practice

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.9M

+15.9% from 2015

Total participants

121

+22.2% from 2015

Average account balance

$36,873

-0.4% from 2015

Annual return

7.73%

+10.06 pp from 2015

Benchmarks

See 5,032 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,032 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.97M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

165

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$956K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$56

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

1 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 codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$137K

$1222 / participant

Other / not subdivided$137K100.0%

% of EOY assets

3.470%

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

$36,873

$75,183-51.0%

$123,894-70.2%

$55,167-33.2%

Participation rate

87.5%

72.8%+14.7pp

81.4%+6.1pp

69.0%+18.5pp

Annual return

7.73%

19.01%-11.3pp

47.52%-39.8pp

169.23%-161.5pp

Employer contribution / active EE

$1,345

$2,823-52.3%

$4,617-70.9%

$1,963-31.4%

Participant deferral / active EE

$2,357

$5,084-53.6%

$5,984-60.6%

$3,054-22.8%

Admin fee / account holder

$1,280

$663+93.1%

$8,357-84.7%

$504+153.9%

LEGAL ACTION OF WISCONSIN, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGAL ACTION OF WISCONSIN, INC. 401(K) PROFIT SHARING 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