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 (2020) 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 2020

6268 UPPER CASS, FRONTAGE ROAD NW - CASS LAKE, MN 56633218-335-7576llojibwe.orgLinkedIn1-10 employeesgovernment administration

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$14M

-3.7% from 2019

Total participants

1,498

+0.1% from 2019

Average account balance

$10,188

-2.1% from 2019

Annual return

12.16%

-3.09 pp from 2019

Benchmarks

See 120 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants1,000-4,999

Cohort120 peers

Snapshot2020

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 LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$70,433
RSM US LLP1 year Filed as: RSM US LLP. Service code 10 5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Accounting	$22,000

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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

OpportunityLow participant contribution
Participant contribution per participant 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

$92K

$89 / participant

Contract admin$70K76.2%
Other / not subdivided$22K23.8%

% of EOY assets

0.660%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,188

$53,932-81.1%

$134,162-92.4%

$90,274-88.7%

Participation rate

88.1%

60.4%+27.7pp

72.2%+15.9pp

73.4%+14.7pp

Annual return

12.16%

23.16%-11.0pp

36.35%-24.2pp

53.97%-41.8pp

Employer contribution / active EE

$956

$1,611-40.7%

$3,705-74.2%

$2,523-62.1%

Participant deferral / active EE

$239

$2,432-90.2%

$3,500-93.2%

$4,231-94.3%

Admin fee / account holder

$67

$104-35.1%

$6,685-99.0%

$114-41.1%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$70,433

RSM US LLP1 year

Filed as: RSM US LLP.

Service code 10

5155 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Accounting

$22,000

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