Retirement plan

PROFIT SHARING PLAN OF LIGGETT GROUP INC. FOR BARGAINING UNIT AND HOURLY EMPLOYEES

Name: LIGGETT GROUP INC. - PROFIT SHARING PLAN OF LIGGETT GROUP INC. FOR BARGAINING UNIT AND HOURLY EMPLOYEES (2021) Form 5500
Creator: LIGGETT GROUP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFIT SHARING PLAN OF LIGGETT GROUP INC. FOR BARGAINING UNIT AND HOURLY EMPLOYEES, LIGGETT GROUP INC.

LIGGETT GROUP INC.EIN 56-1702115Plan #004PY 2021

100 MAPLE LANE - MEBANE, NC 27302919-304-7700liggettdesigngroup.comLinkedIn11-50 employeesarchitecture & planning

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$23.9M

+1.7% from 2020

Total participants

225

-0.4% from 2020

Average account balance

$127,003

+3.9% from 2020

Annual return

9.19%

-3.28 pp from 2020

Benchmarks

See 946 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort946 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$25.08M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

224

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$157

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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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 codes2E2F2G2J2K2T3H

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BECHER DELLA TORRE GITTO & COMPANY
Auditor EIN: 222625944
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,003

$59,584+113.1%

$86,874+46.2%

$79,386+60.0%

Participation rate

81.4%

67.7%+13.7pp

71.6%+9.8pp

70.7%+10.7pp

Annual return

9.19%

23.15%-14.0pp

63.52%-54.3pp

116.85%-107.7pp

Employer contribution / active EE

$3,106

$1,768+75.7%

$2,495+24.5%

$2,427+27.9%

Participant deferral / active EE

$4,971

$3,036+63.7%

$3,699+34.4%

$4,046+22.9%

Admin fee / account holder

$604-100.0%

$5,828-100.0%

$626-100.0%

PROFIT SHARING PLAN OF LIGGETT GROUP INC. FOR BARGAINING UNIT AND HOURLY EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFIT SHARING PLAN OF LIGGETT GROUP INC. FOR BARGAINING UNIT AND HOURLY EMPLOYEES

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