Retirement plan

EMPLOYEE BENEFIT PLAN OF EARLY LEARNING CENTERS OF LUBBOCK,INC.

Name: EARLY LEARNING CENTERS OF LUBBOCK, INC. - EMPLOYEE BENEFIT PLAN OF EARLY LEARNING CENTERS OF LUBBOCK,INC. (2016) Form 5500
Creator: EARLY LEARNING CENTERS OF LUBBOCK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF EARLY LEARNING CENTERS OF LUBBOCK,INC., EARLY LEARNING CENTERS OF LUBBOCK, INC.

EARLY LEARNING CENTERS OF LUBBOCK, INC.EIN 75-0940023Plan #001PY 2016

1639 MAIN ST - LUBBOCK, TX 79401806-765-9981elclubbock.orgLinkedIn51-200 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$344K assets

Prospect flagsHigh feesLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$435K

-14.9% from 2015

Total participants

-17.0% from 2015

Average account balance

$10,871

+12.7% from 2015

Annual return

2.13%

+2.61 pp from 2015

Benchmarks

See 30,914 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort30,914 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$448K

Not enough data

1 years with asset history on file

Average account balance

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

$9K

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.

157.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$751

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

+6.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$743

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 codes2C2G3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$114K

$4972 / participant

Other / not subdivided$114K100.0%

% of EOY assets

26.299%

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

$10,871

$90,486-88.0%

$78,676-86.2%

$273,972-96.0%

Participation rate

82.6%

76.5%+6.1pp

73.6%+9.0pp

83.0%-0.4pp

Annual return

2.13%

75.62%-73.5pp

62.19%-60.1pp

41.46%-39.3pp

Employer contribution / active EE

$1,136

$3,175-64.2%

$2,850-60.1%

$4,869-76.7%

Participant deferral / active EE

$3,901-100.0%

$3,517-100.0%

$5,287-100.0%

Admin fee / account holder

$2,859

$5,263-45.7%

$4,510-36.6%

$10,133-71.8%

EMPLOYEE BENEFIT PLAN OF EARLY LEARNING CENTERS OF LUBBOCK,INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF EARLY LEARNING CENTERS OF LUBBOCK,INC.

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