Retirement plan

LOOKOUT PROPERTY MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN

Name: LOOKOUT PROPERTY MANAGEMENT, INC. - LOOKOUT PROPERTY MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: LOOKOUT PROPERTY MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOOKOUT PROPERTY MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN, LOOKOUT PROPERTY MANAGEMENT, INC.

LOOKOUT PROPERTY MANAGEMENT, INC.EIN 62-1129663Plan #001PY 2016

516 CHESTNUT STREET,STE 104 - CHATTANOOGA, TN 37402423-266-7100LinkedIn11-50 employeesreal estate

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$835K

No prior year

Total participants

No prior year

Average account balance

$32,127

No prior year

Annual return

6.32%

No prior year

Benchmarks

See 3,383 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants25-99

Cohort3,383 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.45M

Not enough data

1 years with asset history on file

Average account balance

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

$242K

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.

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.

150.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$42K

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

+13.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$46356

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 codes2E2G2J3D

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.
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.
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

$19K

$528 / participant

Other / not subdivided$19K100.0%

% of EOY assets

2.277%

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

$32,127

$56,054-42.7%

$171,082-81.2%

$62,881-48.9%

Participation rate

66.7%

62.9%+3.8pp

76.7%-10.0pp

69.3%-2.6pp

Annual return

6.32%

22.52%-16.2pp

32.56%-26.2pp

20.14%-13.8pp

Employer contribution / active EE

$759

$1,731-56.1%

$4,002-81.0%

$2,281-66.7%

Participant deferral / active EE

$1,644

$3,158-48.0%

$4,797-65.7%

$3,203-48.7%

Admin fee / account holder

$731

$3,647-79.9%

$8,520-91.4%

$4,296-83.0%

LOOKOUT PROPERTY MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOOKOUT PROPERTY MANAGEMENT, INC. 401(K) PROFIT SHARING 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