Retirement plan

L.C. SMITH, INCORPORATED EMPLOYEE STOCK OWNERSHIP PLAN

Name: L.C. SMITH, INCORPORATED - L.C. SMITH, INCORPORATED EMPLOYEE STOCK OWNERSHIP PLAN (2019) Form 5500
Creator: L.C. SMITH, INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L.C. SMITH, INCORPORATED EMPLOYEE STOCK OWNERSHIP PLAN, L.C. SMITH, INCORPORATED

L.C. SMITH, INCORPORATEDEIN 54-0476229Plan #003PY 2019

5920 FARRINGTON AVE. - ALEXANDRIA, VA 22304703-751-5420

Other plans on this EIN

2 filings

#001Retirement-$1.7M assets #002Retirement-$399K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$544K

+33.3% from 2018

Total participants

+11.1% from 2018

Average account balance

$27,197

+20.0% from 2018

Annual return

2.39%

+41.82 pp from 2018

Benchmarks

See 8,238 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,238 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$914K

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

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.

57.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

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

+17.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9953

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2P2Q3I2I

Plan features

2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

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

$12K

$1374 / participant

Other / not subdivided$12K100.0%

% of EOY assets

2.273%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,197

$116,203-76.6%

$93,621-70.9%

$152,909-82.2%

Participation rate

100.0%

78.1%+21.9pp

75.8%+24.2pp

82.5%+17.5pp

Annual return

2.39%

35.96%-33.6pp

32.76%-30.4pp

345.46%-343.1pp

Employer contribution / active EE

$14,446

$3,219+348.8%

$2,719+431.4%

$4,764+203.2%

Participant deferral / active EE

$4,605-100.0%

$4,070-100.0%

$5,851-100.0%

Admin fee / account holder

$618

$10,751-94.2%

$7,890-92.2%

$11,601-94.7%

L.C. SMITH, INCORPORATED EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L.C. SMITH, INCORPORATED EMPLOYEE STOCK OWNERSHIP 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