Retirement plan

LEGAL AID SERVICE OF NORTHEASTERN MINNESOTA TAX DEFERRED SAVINGS 403(B) PLAN

Name: LEGAL AID SERVICE NE MN - LEGAL AID SERVICE OF NORTHEASTERN MINNESOTA TAX DEFERRED SAVINGS 403(B) PLAN (2017) Form 5500
Creator: LEGAL AID SERVICE NE MN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGAL AID SERVICE OF NORTHEASTERN MINNESOTA TAX DEFERRED SAVINGS 403(B) PLAN, LEGAL AID SERVICE NE MN

LEGAL AID SERVICE NE MNEIN 41-0958386Plan #001PY 2017

424 WEST SUPERIOR ST, SUITE 302 - DULUTH, MN 55802218-623-8118

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+6.2% from 2016

Total participants

-2.5% from 2016

Average account balance

$86,699

+3.5% from 2016

Annual return

14.26%

+4.36 pp from 2016

Benchmarks

See 25,068 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,068 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.71M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

135.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$440K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10083

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 codes2S2M2G2F2T2E

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

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

$416K

$14342 / participant

Other / not subdivided$416K100.0%

% of EOY assets

12.300%

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

$86,699

$85,766+1.1%

$136,297-36.4%

$70,124+23.6%

Participation rate

100.0%

74.2%+25.8pp

81.9%+18.1pp

69.5%+30.5pp

Annual return

14.26%

31.45%-17.2pp

5156.19%-5141.9pp

73.14%-58.9pp

Employer contribution / active EE

$2,790

$2,966-5.9%

$4,696-40.6%

$2,342+19.1%

Participant deferral / active EE

$2,675

$5,051-47.0%

$6,247-57.2%

$3,332-19.7%

Admin fee / account holder

$10,664

$5,420+96.7%

$9,244+15.4%

$4,645+129.6%

LEGAL AID SERVICE OF NORTHEASTERN MINNESOTA TAX DEFERRED SAVINGS 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGAL AID SERVICE OF NORTHEASTERN MINNESOTA TAX DEFERRED SAVINGS 403(B) 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