Retirement plan

NATIONAL LEAGUE OF CITIES TAX QUALIFIED RETIREMENT AND SAVINGS PLAN

Name: NATIONAL LEAGUE OF CITIES SERVICES, INC. - NATIONAL LEAGUE OF CITIES TAX QUALIFIED RETIREMENT AND SAVINGS PLAN (2023) Form 5500
Creator: NATIONAL LEAGUE OF CITIES SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL LEAGUE OF CITIES TAX QUALIFIED RETIREMENT AND SAVINGS PLAN, NATIONAL LEAGUE OF CITIES SERVICES, INC.

NATIONAL LEAGUE OF CITIES SERVICES, INC.EIN 52-2185034Plan #001PY 2023

660 N. CAPITOL STREET, NW, STE. 450 - WASHINGTON, DC 200011644202-626-3077nlc.orgLinkedIn51-200 employeespublic policy

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$49.4M

+19.8% from 2022

Total participants

407

+9.4% from 2022

Average account balance

$123,313

+8.1% from 2022

Annual return

17.26%

+31.18 pp from 2022

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.82M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

401

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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 4 by compensation

Provider	Service type	Compensation
LAW OFFICE OF ROBERT J. TOTH, JR1 year Service code 29 · EIN 27-2976965 PO BOX 10719 · FORT WAYNE, IN 46853	Legal	$44,720
TIAA7 years Service code 15 · EIN 13-1624203 730 THIRD AVE. · NEW YORK, NY 100173206	Recordkeeping	$24,446
DLA PIPER1 year Filed as: DLA PIPER LLP Service code 29 · EIN 52-0616490 500 8TH ST NW · WASHINGTON, DC 20004	Legal	$12,309
SAGEVIEW ADVISORY GROUP, LLC4 years Filed as: SAGEVIEW ADVISORY GROUP Service code 27 · EIN 33-0818667 1920 MAIN ST STE 800 · IRVINE, CA 92614	Advisory (Plan)	$7,294

Plan features & details

Pension benefit codes2E2F2G2J2T3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$89K

$562 / participant

Recordkeeping$4800.5%
Contract admin$88K99.5%

% of EOY assets

0.180%

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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,313

$58,312+111.5%

$86,656+42.3%

$71,529+72.4%

Participation rate

96.2%

65.0%+31.2pp

71.7%+24.5pp

67.9%+28.3pp

Annual return

17.26%

24.08%-6.8pp

593.09%-575.8pp

28.97%-11.7pp

Employer contribution / active EE

$7,142

$2,576+177.2%

$3,025+136.1%

$2,590+175.8%

Participant deferral / active EE

$7,459

$3,439+116.9%

$4,439+68.0%

$4,291+73.8%

Admin fee / account holder

$221

$1,057-79.1%

$5,619-96.1%

$1,588-86.1%

Provider

Service type

Compensation

LAW OFFICE OF ROBERT J. TOTH, JR1 year

Service code 29 · EIN 27-2976965

PO BOX 10719 · FORT WAYNE, IN 46853

Legal

$44,720

TIAA7 years

Service code 15 · EIN 13-1624203

730 THIRD AVE. · NEW YORK, NY 100173206

Recordkeeping

$24,446

DLA PIPER1 year

Filed as: DLA PIPER LLP

Service code 29 · EIN 52-0616490

500 8TH ST NW · WASHINGTON, DC 20004

Legal

$12,309

SAGEVIEW ADVISORY GROUP, LLC4 years

Filed as: SAGEVIEW ADVISORY GROUP

Service code 27 · EIN 33-0818667

1920 MAIN ST STE 800 · IRVINE, CA 92614

Advisory (Plan)

$7,294

NATIONAL LEAGUE OF CITIES TAX QUALIFIED RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL LEAGUE OF CITIES TAX QUALIFIED RETIREMENT AND SAVINGS 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