Retirement plan

LOUISIANA PUBLIC FACILITIES AUTHORITY EMPLOYEES' RETIREMENT PLAN

Name: LOUISIANA PUBLIC FACILITIES AUTHORITY - LOUISIANA PUBLIC FACILITIES AUTHORITY EMPLOYEES' RETIREMENT PLAN (2020) Form 5500
Creator: LOUISIANA PUBLIC FACILITIES AUTHORITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOUISIANA PUBLIC FACILITIES AUTHORITY EMPLOYEES' RETIREMENT PLAN, LOUISIANA PUBLIC FACILITIES AUTHORITY

LOUISIANA PUBLIC FACILITIES AUTHORITYEIN 72-0895871Plan #001PY 2020

2237 SOUTH ACADIAN THRUWAY, SUITE 650 - BATON ROUGE, LA 70808225-923-0020lpfa.comLinkedIn11-50 employeesfinancial services

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.3M

+5.5% from 2019

Total participants

-16.7% from 2019

Average account balance

$219,398

+26.6% from 2019

Annual return

9.43%

-5.07 pp from 2019

Benchmarks

See 347 peers

Peer group

Industry92 - Public Administration

Plan typeDefined contribution

Participants<25

Cohort347 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.25M

Not enough data

1 years with asset history on file

Average account balance

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

$284K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$186K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2534

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

$261K

$23690 / participant

Other / not subdivided$261K100.0%

% of EOY assets

7.918%

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

$219,398

$76,312+187.5%

$67,221+226.4%

$158,982+38.0%

Participation rate

100.0%

84.3%+15.7pp

79.4%+20.6pp

82.0%+18.0pp

Annual return

9.43%

22.77%-13.3pp

20.72%-11.3pp

302.99%-293.6pp

Employer contribution / active EE

$9,010

$4,476+101.3%

$3,723+142.0%

$4,763+89.2%

Participant deferral / active EE

$3,465

$5,264-34.2%

$4,384-21.0%

$5,983-42.1%

Admin fee / account holder

$17,373

$8,005+117.0%

$5,844+197.3%

$11,252+54.4%

LOUISIANA PUBLIC FACILITIES AUTHORITY EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOUISIANA PUBLIC FACILITIES AUTHORITY EMPLOYEES' 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