Retirement plan

THE LINCOLN PROPERTY COMPANY 401(K) RETIREMENT AND SAVINGS PLAN

Name: LPC SERVICES, INC. - THE LINCOLN PROPERTY COMPANY 401(K) RETIREMENT AND SAVINGS PLAN (2021) Form 5500
Creator: LPC SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LINCOLN PROPERTY COMPANY 401(K) RETIREMENT AND SAVINGS PLAN, LPC SERVICES, INC.

LPC SERVICES, INC.EIN 75-2356213Plan #001PY 2021

2000 MCKINNEY AVE, SUITE 1000 - DALLAS, TX 75201214-740-4452foxservice.comLinkedIn51-200 employeesfacilities services

Prospect flagsLow returnsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$351.2M

+2.0% from 2018

Total participants

8,943

-8.4% from 2018

Average account balance

$72,117

+10.3% from 2018

Annual return

3.64%

+25.02 pp from 2018

Benchmarks

See 1,137 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants5,000-9,999

Cohort1,137 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$288.54M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

2,627

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.

33.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24.24M

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

+22.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$129

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$296,858
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393	Recordkeeping	$220,603
WHITLEYPENN1 year Service code 10 · EIN 75-2393478	Accounting	$26,506

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.

Opportunity flags

3 tripped

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

$527K

$68 / participant

Contract admin$284K53.8%
Other / not subdivided$243K46.2%

% of EOY assets

0.150%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,117

$101,555-29.0%

$189,611-62.0%

$101,555-29.0%

Participation rate

47.3%

74.5%-27.2pp

78.5%-31.1pp

74.5%-27.2pp

Annual return

3.64%

21.00%-17.4pp

64.20%-60.6pp

21.00%-17.4pp

Employer contribution / active EE

$996

$2,972-66.5%

$4,413-77.4%

$2,972-66.5%

Participant deferral / active EE

$3,264

$4,874-33.0%

$6,174-47.1%

$4,874-33.0%

Admin fee / account holder

$108

$139-22.4%

$9,808-98.9%

$139-22.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$296,858

WELLS FARGO BANK, N.A.5+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$220,603

WHITLEYPENN1 year

Service code 10 · EIN 75-2393478

Accounting

$26,506

THE LINCOLN PROPERTY COMPANY 401(K) RETIREMENT AND SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LINCOLN PROPERTY COMPANY 401(K) RETIREMENT AND 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