Retirement plan

LACK'S VALLEY STORES, LTD. 401(K) PROFIT SHARING PLAN

Name: LACK'S VALLEY STORES, LTD. - LACK'S VALLEY STORES, LTD. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: LACK'S VALLEY STORES, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LACK'S VALLEY STORES, LTD. 401(K) PROFIT SHARING PLAN, LACK'S VALLEY STORES, LTD.

LACK'S VALLEY STORES, LTD.EIN 74-2730084Plan #001PY 2015

1300 SAN PATRICIA STREET - PHARR, TX 78577956-702-3361

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$10.1M

No prior year

Total participants

616

No prior year

Average account balance

$16,487

No prior year

Annual return

-1.17%

No prior year

Benchmarks

See 1,098 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,098 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.38M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

318

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.

77.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$65K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$317

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

+4.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$573

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH, INC. Service code 27 · EIN 13-5674085 200 S. 10TH STREET, SUITE 1002 · MCALLEN, TX 78501	Advisory (Plan)	$81,630
MCCAW & SALESBERRY RETIREMENT1+ years Service code 13 · EIN 47-3027397 19115 FM 2252, SUITE 21 · GARDEN RIDGE, TX 78266	Contract Administrator	$32,794
WITHUMSMITH+BROWN, PC1+ years Filed as: PATTILLO, BROWN & HILL, L.L.P. Service code 10 · EIN 74-1130599 401 W. STATE HWY 6 · WACO, TX 76710	Accounting	$15,150

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$131K

$252 / participant

Investment mgmt$82K62.2%
Contract admin$33K25.0%
Other / not subdivided$17K12.8%

% of EOY assets

1.299%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PATILLO, BROWN & HILL, LLP
Auditor EIN: 741130599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,487

$33,745-51.1%

$64,105-74.3%

$55,191-70.1%

Participation rate

99.4%

59.4%+40.1pp

68.2%+31.3pp

69.2%+30.3pp

Annual return

-1.17%

4.95%-6.1pp

791.24%-792.4pp

10.78%-12.0pp

Employer contribution / active EE

$615

$641-4.0%

$1,820-66.2%

$1,899-67.6%

Participant deferral / active EE

$452

$1,929-76.6%

$2,822-84.0%

$3,046-85.2%

Admin fee / account holder

$214

$94+127.0%

$4,499-95.2%

$91+135.9%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH, INC.

Service code 27 · EIN 13-5674085

200 S. 10TH STREET, SUITE 1002 · MCALLEN, TX 78501

Advisory (Plan)

$81,630

MCCAW & SALESBERRY RETIREMENT1+ years

Service code 13 · EIN 47-3027397

19115 FM 2252, SUITE 21 · GARDEN RIDGE, TX 78266

Contract Administrator

$32,794

WITHUMSMITH+BROWN, PC1+ years

Filed as: PATTILLO, BROWN & HILL, L.L.P.

Service code 10 · EIN 74-1130599

401 W. STATE HWY 6 · WACO, TX 76710

Accounting

$15,150

LACK'S VALLEY STORES, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LACK'S VALLEY STORES, LTD. 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