Retirement plan

LEGACY 401(K) RETIREMENT PLAN

Name: LEGACY PROPERTY GROUP, LLC - LEGACY 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: LEGACY PROPERTY GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGACY 401(K) RETIREMENT PLAN, LEGACY PROPERTY GROUP, LLC

LEGACY PROPERTY GROUP, LLCEIN 58-2486526Plan #001PY 2020

300 MARIETTA STREET NW SUITE 304 - ATLANTA, GA 30313404-222-9100legacyproperty.comLinkedIn11-50 employeesreal estate

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$5.4M

+22.3% from 2019

Total participants

482

+37.3% from 2019

Average account balance

$23,043

+34.3% from 2019

Annual return

18.01%

-8.97 pp from 2019

Benchmarks

See 615 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort615 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.51M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

249

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.

33.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+15.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$392

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 2 by compensation

Provider	Service type	Compensation
INVESTMENT ASSETS MGMT OF GEORGIA2 years Service code 51 · EIN 58-1882582	Investment Mgmt Fees	$30,505
HERITAGE PENSION ADVISORS, LLC2 years Filed as: HERITAGE PENSION ADVISORS, INC Service code 15 · EIN 81-4903086	Recordkeeping	$24,977

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
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 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

$176 / participant

Investment mgmt$31K55.0%
Other / not subdivided$25K45.0%

% of EOY assets

1.025%

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: MCMULLEN & COMPANY
Auditor EIN: 581264232
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,043

$56,152-59.0%

$185,835-87.6%

$73,412-68.6%

Participation rate

21.6%

67.6%-46.0pp

78.0%-56.5pp

72.2%-50.6pp

Annual return

18.01%

17.59%+0.4pp

35.96%-18.0pp

59.30%-41.3pp

Employer contribution / active EE

$863

$1,532-43.6%

$4,087-78.9%

$2,234-61.3%

Participant deferral / active EE

$1,553

$3,659-57.6%

$5,633-72.4%

$3,806-59.2%

Admin fee / account holder

$236

$132+78.8%

$9,502-97.5%

$158+49.5%

Provider

Service type

Compensation

INVESTMENT ASSETS MGMT OF GEORGIA2 years

Service code 51 · EIN 58-1882582

Investment Mgmt Fees

$30,505

HERITAGE PENSION ADVISORS, LLC2 years

Filed as: HERITAGE PENSION ADVISORS, INC

Service code 15 · EIN 81-4903086

Recordkeeping

$24,977

LEGACY 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGACY 401(K) 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