Retirement plan

LEECH LAKE BAND OF OJIBWE COMMERCIAL 401(K) PLAN

Name: LEECH LAKE BAND OF OJIBWE - LEECH LAKE BAND OF OJIBWE COMMERCIAL 401(K) PLAN (2015) Form 5500
Creator: LEECH LAKE BAND OF OJIBWE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEECH LAKE BAND OF OJIBWE COMMERCIAL 401(K) PLAN, LEECH LAKE BAND OF OJIBWE

LEECH LAKE BAND OF OJIBWEEIN 41-1710892Plan #003PY 2015

6280 UPPER CASS FRONTAGE RD NW - CASS LAKE, MN 56633218-335-7576llojibwe.orgLinkedIn1-10 employeesgovernment administration

Prospect flagsLow returnsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$10.6M

No prior year

Total participants

1,317

No prior year

Average account balance

$8,574

No prior year

Annual return

-5.32%

No prior year

Benchmarks

See 112 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants1,000-4,999

Cohort112 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.59M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

1,468

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.17M

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

-2.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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

Top 2 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 50 · EIN 11-3665754	Direct Payment	$77,731
RSM US LLP1+ years Filed as: MCGLADREY LLP Service code 10 5155 PAYSPHERE CIR · CHICAGO, IL 60674	Accounting	$20,676

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$98K

$96 / participant

Contract admin$78K79.0%
Other / not subdivided$21K21.0%

% of EOY assets

0.929%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSMUS LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,574

$38,312-77.6%

$100,671-91.5%

$59,188-85.5%

Participation rate

92.1%

57.4%+34.7pp

70.7%+21.3pp

69.4%+22.6pp

Annual return

-5.32%

2.64%-8.0pp

20.43%-25.7pp

5.51%-10.8pp

Employer contribution / active EE

$1,038

$1,183-12.2%

$4,012-74.1%

$2,098-50.5%

Participant deferral / active EE

$354

$1,847-80.8%

$3,144-88.7%

$3,265-89.2%

Admin fee / account holder

$80

$68+17.5%

$4,850-98.4%

$92-13.7%

Provider

Service type

Compensation

ASCENSUS LLC1+ years

Filed as: ASCENSUS

Service code 50 · EIN 11-3665754

Direct Payment

$77,731

RSM US LLP1+ years

Filed as: MCGLADREY LLP

Service code 10

5155 PAYSPHERE CIR · CHICAGO, IL 60674

Accounting

$20,676

LEECH LAKE BAND OF OJIBWE COMMERCIAL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEECH LAKE BAND OF OJIBWE COMMERCIAL 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