Retirement plan

LEGAL AID SOCIETY OF MIDDLE TENNESSEE AND THE CUMBERLANDS 401(K) PLAN

Name: LEGAL AID SOCIETY - LEGAL AID SOCIETY OF MIDDLE TENNESSEE AND THE CUMBERLANDS 401(K) PLAN (2024) Form 5500
Creator: LEGAL AID SOCIETY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGAL AID SOCIETY OF MIDDLE TENNESSEE AND THE CUMBERLANDS 401(K) PLAN, LEGAL AID SOCIETY

LEGAL AID SOCIETYEIN 62-0800756Plan #002PY 2024

1321 MURFREESBORO PIKE, SUITE 400 - NASHVILLE, TN 37217615-244-6610

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$9.5M

+25.7% from 2023

Total participants

147

+17.6% from 2023

Average account balance

$81,694

+22.5% from 2023

Annual return

18.53%

-1.31 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.48M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

116

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.

75.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$750K

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

+18.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1855

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 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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$215K

$1695 / participant

Other / not subdivided$215K100.0%

% of EOY assets

2.271%

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

$81,694

$101,672-19.6%

$147,117-44.5%

$74,478+9.7%

Participation rate

75.6%

75.5%0pp

82.2%-6.6pp

67.2%+8.4pp

Annual return

18.53%

8757.83%-8739.3pp

420.54%-402.0pp

1370.56%-1352.0pp

Employer contribution / active EE

$1,708

$3,813-55.2%

$4,932-65.4%

$2,626-35.0%

Participant deferral / active EE

$4,197

$7,305-42.5%

$8,065-48.0%

$4,350-3.5%

Admin fee / account holder

$1,855

$1,753+5.8%

$12,993-85.7%

$1,946-4.7%

LEGAL AID SOCIETY OF MIDDLE TENNESSEE AND THE CUMBERLANDS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGAL AID SOCIETY OF MIDDLE TENNESSEE AND THE CUMBERLANDS 401(K) 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