Retirement plan

LIFELONG LEARNING ADMINISTRATION CORPORATION 403(B) PLAN

Name: LIFELONG LEARNING ADMINISTRATION CORPORATION - LIFELONG LEARNING ADMINISTRATION CORPORATION 403(B) PLAN (2022) Form 5500
Creator: LIFELONG LEARNING ADMINISTRATION CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFELONG LEARNING ADMINISTRATION CORPORATION 403(B) PLAN, LIFELONG LEARNING ADMINISTRATION CORPORATION

LIFELONG LEARNING ADMINISTRATION CORPORATIONEIN 47-5307489Plan #001PY 2022

177 HOLSTON DRIVE - LANCASTER, CA 935354570661-272-1225llac.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$21.8M

-0.5% from 2021

Total participants

409

+8.2% from 2021

Average account balance

$63,985

-10.4% from 2021

Annual return

-16.12%

-35.98 pp from 2021

Benchmarks

See 958 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants250-999

Cohort958 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.46M

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.

379

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.

78.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+16.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$598

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
PENSIONMARK FINANCIAL GROUP LLC1 year Filed as: PENSIONMARK FINANCIAL GROUP Service code 99 · EIN 61-1758632	Other Fees	$60,277
STEPHEN HORN INSURANCE SERVICES2 years Filed as: STEPHEN B. MARVIN AGENCY INC. Service code 99 · EIN 95-2959354	Other Fees	$10,046
VOYA RETIREMENT INSURANCE & ANNUITY1 year Service code 64 · EIN 71-0294708	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2H2K2L2T

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$181K

$533 / participant

Other / not subdivided$181K100.0%

% of EOY assets

0.828%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JOHANSON & YAU ACCOUNTANCY CORP.
Auditor EIN: 942702860
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,985

$79,151-19.2%

$60,919+5.0%

$64,824-1.3%

Participation rate

79.9%

77.7%+2.2pp

73.1%+6.8pp

71.5%+8.5pp

Annual return

-16.12%

-7.12%-9.0pp

16.96%-33.1pp

32.84%-49.0pp

Employer contribution / active EE

$4,948

$3,052+62.1%

$2,704+83.0%

$2,507+97.3%

Participant deferral / active EE

$5,835

$3,727+56.5%

$3,814+53.0%

$4,311+35.3%

Admin fee / account holder

$530

$106+401.0%

$3,228-83.6%

$188+181.9%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC1 year

Filed as: PENSIONMARK FINANCIAL GROUP

Service code 99 · EIN 61-1758632

Other Fees

$60,277

STEPHEN HORN INSURANCE SERVICES2 years

Filed as: STEPHEN B. MARVIN AGENCY INC.

Service code 99 · EIN 95-2959354

Other Fees

$10,046

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Service code 64 · EIN 71-0294708

Recordkeeping Fees

LIFELONG LEARNING ADMINISTRATION CORPORATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFELONG LEARNING ADMINISTRATION CORPORATION 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