Retirement plan

LULA-WESTFIELD, L.L.C. SAVINGS PLAN

Name: LULA-WESTFIELD, L.L.C. - LULA-WESTFIELD, L.L.C. SAVINGS PLAN (2022) Form 5500
Creator: LULA-WESTFIELD, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LULA-WESTFIELD, L.L.C. SAVINGS PLAN, LULA-WESTFIELD, L.L.C.

LULA-WESTFIELD, L.L.C.EIN 72-1353056Plan #001PY 2022

P. O. BOX 10 - PAINCOURTVILLE, LA 70391985-369-6450LinkedIn1-10 employeeslaw enforcement

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$14.2M

-15.6% from 2021

Total participants

182

+7.7% from 2021

Average account balance

$108,488

-11.7% from 2021

Annual return

-12.70%

-22.99 pp from 2021

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.45M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

117

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.

64.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$885K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$656

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES3 years Filed as: RAYMOND JAMES & ASSOCIATES INC. Service code 26 880 CARILLION PKWY · SAINT PETERSBURG, FL 33716	Advisory (Participants)	$46,562
NATIONWIDE4 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$19,090

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DUPLANTIER, HRAPMAN, HOGAN, & MAHER
Auditor EIN: 720567396
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,488

$50,199+116.1%

$69,890+55.2%

$66,949+62.0%

Participation rate

66.0%

66.3%-0.3pp

70.5%-4.5pp

69.8%-3.8pp

Annual return

-12.70%

-13.85%+1.1pp

190.84%-203.5pp

1.57%-14.3pp

Employer contribution / active EE

$1,904

$1,864+2.1%

$2,560-25.6%

$2,545-25.2%

Participant deferral / active EE

$4,084

$3,112+31.2%

$3,848+6.1%

$4,239-3.7%

Admin fee / account holder

$600-100.0%

$6,267-100.0%

$594-100.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES3 years

Filed as: RAYMOND JAMES & ASSOCIATES INC.

Service code 26

880 CARILLION PKWY · SAINT PETERSBURG, FL 33716

Advisory (Participants)

$46,562

NATIONWIDE4 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$19,090

LULA-WESTFIELD, L.L.C. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LULA-WESTFIELD, L.L.C. SAVINGS 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