Retirement plan

LEGAL & GENERAL AMERICA, INC. SAVINGS PLAN

Name: LEGAL & GENERAL AMERICA, INC. - LEGAL & GENERAL AMERICA, INC. SAVINGS PLAN (2016) Form 5500
Creator: LEGAL & GENERAL AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGAL & GENERAL AMERICA, INC. SAVINGS PLAN, LEGAL & GENERAL AMERICA, INC.

LEGAL & GENERAL AMERICA, INC.EIN 52-1236150Plan #003PY 2016

3275 BENNETT CREEK AVENUE - FREDERICK, MD 21704301-279-4800lgamerica.comLinkedIn501-1000 employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$35.2M assets

Prospect flagsHigh cashCorrective distributions

Top hat statement on fileNQDC

Filed October 18, 2004 (most recent of 2 filings on file)

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)

$71.6M

+10.0% from 2015

Total participants

739

+2.8% from 2015

Average account balance

$101,662

+6.8% from 2015

Annual return

8.60%

+6.59 pp from 2015

Benchmarks

See 236 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants250-999

Cohort236 peers

Snapshot2016

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Analytics

Total assets (EOY)

Plan-year ending balance

$218.82M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

1,465

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.

96.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+18.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$142

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 5 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$122,470
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN LEWIS & BOCKIUS LLP Service code 28 · EIN 23-0891050	Investment Management	$25,724
COHNREZNIK LLP1 year Service code 10 · EIN 22-1478099	Accounting	$14,800
CHARLES SCHWAB & CO., INC.2+ years Service code 33 · EIN 94-1737782	Direct payment from the plan; Shareho...	$483
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$164K

$285 / participant

Investment mgmt$2K1.5%
Other / not subdivided$162K98.5%

% of EOY assets

0.230%

all-in expense ratio

Categories reported

1 / 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: COHNREZNICK, LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,662

$65,820+54.5%

$108,745-6.5%

$57,658+76.3%

Participation rate

93.9%

72.7%+21.2pp

77.7%+16.3pp

70.2%+23.7pp

Annual return

8.60%

21.32%-12.7pp

46.22%-37.6pp

5.13%+3.5pp

Employer contribution / active EE

$5,056

$2,285+121.2%

$3,323+52.1%

$1,974+156.1%

Participant deferral / active EE

$7,662

$3,578+114.2%

$5,121+49.6%

$3,061+150.3%

Admin fee / account holder

$233

$91+156.2%

$6,144-96.2%

$95+147.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$122,470

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN LEWIS & BOCKIUS LLP

Service code 28 · EIN 23-0891050

Investment Management

$25,724

COHNREZNIK LLP1 year

Service code 10 · EIN 22-1478099

Accounting

$14,800

CHARLES SCHWAB & CO., INC.2+ years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Shareho...

$483

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

LEGAL & GENERAL AMERICA, INC. SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGAL & GENERAL AMERICA, INC. SAVINGS 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