Retirement plan

LITANIA SPORTS GROUP, INC. 401(K) PLAN

Name: LITANIA SPORTS GROUP, INC - LITANIA SPORTS GROUP, INC. 401(K) PLAN (2015) Form 5500
Creator: LITANIA SPORTS GROUP, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LITANIA SPORTS GROUP, INC. 401(K) PLAN, LITANIA SPORTS GROUP, INC

LITANIA SPORTS GROUP, INCEIN 71-0888369Plan #001PY 2015

PO BOX 1790 - CHAMPAIGN, IL 618241790217-367-8438litaniasports.comLinkedIn51-200 employeessporting goods

Prospect flagsLow returnsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$5.4M

No prior year

Total participants

136

No prior year

Average account balance

$52,147

No prior year

Annual return

-2.93%

No prior year

Benchmarks

See 2,111 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,111 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.58M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

165

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.

87.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$935K

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

+13.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$237

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
BUSEY WEALTH MANAGEMENT1+ years Filed as: BUSEY TRUST COMPANY Service code 21 · EIN 37-1205455 PO BOX 260 · CHAMPAIGN, IL 618240260	Bank Trustee	$32,833
BENEFIT PLANNING CONSULTANTS1+ years Service code 17 · EIN 32-7481187 2110 CLEARLAKE BLVD, SUITE 200 · CHAMPAIGN, IL 618228933	Pension Consulting	$5,562

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$46K

$378 / participant

Other / not subdivided$46K100.0%

% of EOY assets

0.851%

all-in expense ratio

Categories reported

0 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,147

$57,108-8.7%

$94,228-44.7%

$52,331-0.4%

Participation rate

73.8%

72.9%+0.8pp

78.8%-5.0pp

68.1%+5.7pp

Annual return

-2.93%

1.47%-4.4pp

10.68%-13.6pp

4.54%-7.5pp

Employer contribution / active EE

$1,132

$1,735-34.7%

$3,587-68.4%

$1,882-39.8%

Participant deferral / active EE

$2,825

$3,040-7.1%

$4,320-34.6%

$3,022-6.5%

Admin fee / account holder

$444

$546-18.8%

$6,269-92.9%

$592-25.0%

Provider

Service type

Compensation

BUSEY WEALTH MANAGEMENT1+ years

Filed as: BUSEY TRUST COMPANY

Service code 21 · EIN 37-1205455

PO BOX 260 · CHAMPAIGN, IL 618240260

Bank Trustee

$32,833

BENEFIT PLANNING CONSULTANTS1+ years

Service code 17 · EIN 32-7481187

2110 CLEARLAKE BLVD, SUITE 200 · CHAMPAIGN, IL 618228933

Pension Consulting

$5,562

LITANIA SPORTS GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LITANIA SPORTS GROUP, INC. 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