Retirement plan

LLOYD, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: LLOYD, INC. - LLOYD, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: LLOYD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LLOYD, INC. 401(K) PROFIT SHARING PLAN AND TRUST, LLOYD, INC.

LLOYD, INC.EIN 42-0837233Plan #002PY 2022

604 W. THOMAS AVENUE - SHENANDOAH, IA 51601712-246-4000

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed September 18, 2020

Plan administrator

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604 West Thomas Avenue

Shenandoah, IA 51601

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Plans declared (1)

LLOYD NQ Retirement Account1 emp

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Total assets (EOY)

$7.9M

-13.1% from 2021

Total participants

130

+2.4% from 2021

Average account balance

$69,920

-13.1% from 2021

Annual return

-18.04%

-32.81 pp from 2021

Benchmarks

See 517 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort517 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.01M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

111

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.

87.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$837K

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

+16.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$390

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK1 year Service code 26 29 SAWYER RD · WALTHAM, MA 02453	Advisory (Participants)	$22,117
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969	Recordkeeping and information managem...	$12,201
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP CONSULTING, LLC Service code 26 300 PRIMERA BLVD · LAKE MARY, FL 32746	Advisory (Participants)	$7,947

Plan features & details

Pension benefit codes2E2F2G2J2S3D3F

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$42K

$377 / participant

Investment mgmt$30K71.1%
Contract admin$12K28.9%

% of EOY assets

0.535%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HUTCHINS & HAAKE, LLC
Auditor EIN: 201950909
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,920

$62,715+11.5%

$104,299-33.0%

$66,949+4.4%

Participation rate

84.8%

59.6%+25.2pp

73.3%+11.5pp

69.8%+15.0pp

Annual return

-18.04%

-14.70%-3.3pp

24.62%-42.7pp

1.57%-19.6pp

Employer contribution / active EE

$2,091

$1,976+5.9%

$3,373-38.0%

$2,545-17.8%

Participant deferral / active EE

$4,959

$2,852+73.9%

$4,626+7.2%

$4,239+17.0%

Admin fee / account holder

$374

$657-43.0%

$7,339-94.9%

$594-37.0%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 26

29 SAWYER RD · WALTHAM, MA 02453

Advisory (Participants)

$22,117

NEWPORT GROUP, INC.1 year

Service code 12 · EIN 27-2037969

Recordkeeping and information managem...

$12,201

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP CONSULTING, LLC

Service code 26

300 PRIMERA BLVD · LAKE MARY, FL 32746

Advisory (Participants)

$7,947

LLOYD, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LLOYD, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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