Retirement plan

LB&B ASSOCIATES INC. RETIREMENT PLAN

Name: LB&B ASSOCIATES INC. - LB&B ASSOCIATES INC. RETIREMENT PLAN (2020) Form 5500
Creator: LB&B ASSOCIATES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LB&B ASSOCIATES INC. RETIREMENT PLAN, LB&B ASSOCIATES INC.

LB&B ASSOCIATES INC.EIN 56-1768228Plan #004PY 2020

9891 BROKEN LAND PARKWAY, SUITE 400 - COLUMBIA, MD 21046301-596-2440lbbassociates.comLinkedIn501-1000 employeesfacilities services

Other plans on this EIN

2 filings

#003Retirement-$21.4M assets #001Retirement-$9.2M assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$16.3M

+36.6% from 2019

Total participants

643

+5.8% from 2019

Average account balance

$38,704

+26.9% from 2019

Annual return

20.65%

-17.56 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.13M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

324

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.

57.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$424

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 3 by compensation

Provider	Service type	Compensation
EDWARD JONES4 years Filed as: EDWARD D. JONES & CO., L.P. Service code 26 · EIN 43-0345811	Advisory (Participants)	$32,336
NWPS1 year Filed as: NWPS/CDM RETIREMENT CONSULTANTS Service code 37 · EIN 91-2090931	Loan Processing	$4,356
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Service code 15 · EIN 01-0233346	Recordkeeping	$2,009

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$84K

$163 / participant

Investment mgmt$35K41.3%
Other / not subdivided$50K58.7%

% of EOY assets

0.517%

all-in expense ratio

Categories reported

1 / 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: DIXON HUGHES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,704

$100,801-61.6%

$149,730-74.2%

$73,412-47.3%

Participation rate

57.3%

77.7%-20.4pp

82.5%-25.2pp

72.2%-14.9pp

Annual return

20.65%

265.34%-244.7pp

276.70%-256.1pp

59.30%-38.6pp

Employer contribution / active EE

$2,027

$3,312-38.8%

$4,645-56.4%

$2,234-9.2%

Participant deferral / active EE

$2,827

$6,404-55.9%

$6,843-58.7%

$3,806-25.7%

Admin fee / account holder

$200

$181+10.7%

$9,310-97.8%

$158+26.8%

Provider

Service type

Compensation

EDWARD JONES4 years

Filed as: EDWARD D. JONES & CO., L.P.

Service code 26 · EIN 43-0345811

Advisory (Participants)

$32,336

NWPS1 year

Filed as: NWPS/CDM RETIREMENT CONSULTANTS

Service code 37 · EIN 91-2090931

Loan Processing

$4,356

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Service code 15 · EIN 01-0233346

Recordkeeping

$2,009

LB&B ASSOCIATES INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LB&B ASSOCIATES INC. RETIREMENT 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