Retirement plan

LONE STAR PEO, INC. MULTIPLE EMPLOYER RETIREMENT PLAN

Name: LONE STAR PEO, INC. - LONE STAR PEO, INC. MULTIPLE EMPLOYER RETIREMENT PLAN (2022) Form 5500
Creator: LONE STAR PEO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LONE STAR PEO, INC. MULTIPLE EMPLOYER RETIREMENT PLAN, LONE STAR PEO, INC.

LONE STAR PEO, INC.EIN 47-3726066Plan #002PY 2022

14802 JONES MALTSBERGER BUILDING 2, SUITE 201 - SAN ANTONIO, TX 78247210-496-7827LinkedIn1-10 employeestelecommunications

Other plans on this EIN

1 filing

#001Retirement-$780K assets

Prospect flagsLow returnsHigh cashLow participationLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed November 4, 2016

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1.5M

-34.6% from 2021

Total participants

395

+13.8% from 2021

Average account balance

$15,959

-18.1% from 2021

Annual return

-40.20%

-18.73 pp from 2021

Benchmarks

See 935 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort935 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.40M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

117

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.

22.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$423K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+11.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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 2 by compensation

Provider	Service type	Compensation
AMERITAS LIFE INSURANCE CORP1 year Filed as: AMERITAS Service code 12 · EIN 47-0098400	Direct payment from the plan; Partici...	$17,635
MATRIX TRUST COMPANY3 years Service code 19 · EIN 75-3182674	Securities Custodian	$615

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3B3D2V

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

7 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer 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.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$23K

$61 / participant

Investment mgmt$5K21.2%
Contract admin$18K78.8%

% of EOY assets

1.528%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: JASON F. CLAUSEN, P.C.
Auditor EIN: 274097479
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,959

$47,722-66.6%

$82,719-80.7%

$64,808-75.4%

Participation rate

20.8%

67.6%-46.8pp

72.6%-51.7pp

71.5%-50.6pp

Annual return

-40.20%

-13.05%-27.1pp

701.18%-741.4pp

32.82%-73.0pp

Employer contribution / active EE

$225

$2,179-89.7%

$3,009-92.5%

$2,506-91.0%

Participant deferral / active EE

$668

$3,329-79.9%

$4,395-84.8%

$4,310-84.5%

Admin fee / account holder

$244

$143+70.5%

$5,329-95.4%

$188+29.8%

Provider

Service type

Compensation

AMERITAS LIFE INSURANCE CORP1 year

Filed as: AMERITAS

Service code 12 · EIN 47-0098400

Direct payment from the plan; Partici...

$17,635

MATRIX TRUST COMPANY3 years

Service code 19 · EIN 75-3182674

Securities Custodian

$615

LONE STAR PEO, INC. MULTIPLE EMPLOYER RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LONE STAR PEO, INC. MULTIPLE EMPLOYER RETIREMENT PLAN

Top hat statement on fileNQDC

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