Retirement plan

LUTHERAN FAMILY SERVICES OF VIRGINIA, INC. RETIREMENT AND EMPLOYEE SAVINGS PLAN

Name: LUTHERAN FAMILY SERVICES OF VIRGINIA, INC. - LUTHERAN FAMILY SERVICES OF VIRGINIA, INC. RETIREMENT AND EMPLOYEE SAVINGS PLAN (2017) Form 5500
Creator: LUTHERAN FAMILY SERVICES OF VIRGINIA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUTHERAN FAMILY SERVICES OF VIRGINIA, INC. RETIREMENT AND EMPLOYEE SAVINGS PLAN, LUTHERAN FAMILY SERVICES OF VIRGINIA, INC.

LUTHERAN FAMILY SERVICES OF VIRGINIA, INC.EIN 54-1222012Plan #002PY 2017

2609 MCVITTY RD. SW - ROANOKE, VA 24018540-774-7100

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5.9M

+19.8% from 2016

Total participants

502

-1.0% from 2016

Average account balance

$15,730

+32.4% from 2016

Annual return

14.39%

+16.72 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.61M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

503

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+20.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$161

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
FIRST CITIZENS BANK & TRUST COMPANY2+ years Service code 21 · EIN 56-0223230	Bank Trustee	$46,694
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN EDWARDS & COMPANY CPAS Service code 10 · EIN 54-0504608	Accounting	$8,100
CHARLES SCHWAB & CO., INC.2+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0
EPIC RETIREMENT PLAN SERVICES2+ years Filed as: EPIC ADVISORS, INC. Service code 15 · EIN 16-1450952	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$55K

$144 / participant

Other / not subdivided$55K100.0%

% of EOY assets

0.937%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BROWN EDWARDS & COMPANY CPAS
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,730

$46,173-65.9%

$170,435-90.8%

$69,631-77.4%

Participation rate

65.9%

63.9%+2.0pp

83.6%-17.7pp

70.7%-4.8pp

Annual return

14.39%

21.62%-7.2pp

205.94%-191.5pp

27571.02%-27556.6pp

Employer contribution / active EE

$730

$1,610-54.7%

$5,432-86.6%

$2,032-64.1%

Participant deferral / active EE

$1,288

$2,080-38.1%

$4,939-73.9%

$3,224-60.1%

Admin fee / account holder

$147

$116+27.1%

$13,881-98.9%

$110+33.5%

Provider

Service type

Compensation

FIRST CITIZENS BANK & TRUST COMPANY2+ years

Service code 21 · EIN 56-0223230

Bank Trustee

$46,694

WITHUMSMITH+BROWN, PC1 year

Filed as: BROWN EDWARDS & COMPANY CPAS

Service code 10 · EIN 54-0504608

Accounting

$8,100

CHARLES SCHWAB & CO., INC.2+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

EPIC RETIREMENT PLAN SERVICES2+ years

Filed as: EPIC ADVISORS, INC.

Service code 15 · EIN 16-1450952

Recordkeeping

LUTHERAN FAMILY SERVICES OF VIRGINIA, INC. RETIREMENT AND EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUTHERAN FAMILY SERVICES OF VIRGINIA, INC. RETIREMENT AND EMPLOYEE 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