Retirement plan

LUX ENTERPRISES, INC. EMPLOYEES' RETIREMENT PLAN

Name: LUX ENTERPRISES, INC. - LUX ENTERPRISES, INC. EMPLOYEES' RETIREMENT PLAN (2021) Form 5500
Creator: LUX ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUX ENTERPRISES, INC. EMPLOYEES' RETIREMENT PLAN, LUX ENTERPRISES, INC.

LUX ENTERPRISES, INC.EIN 75-2885092Plan #001PY 2021

14841 DALLAS PARKWAY, SUITE 500 - DALLAS, TX 75254214-378-4000LinkedIn501-1000 employeessupermarkets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.6M

+8.2% from 2020

Total participants

450

-32.2% from 2020

Average account balance

$43,745

+62.1% from 2020

Annual return

14.53%

+7.60 pp from 2020

Benchmarks

See 257 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort257 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.95M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

319

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+10.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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
NEWPORT GROUP, INC.6 years Service code 12 · EIN 27-2037969	Recordkeeping and information managem...	$89,824
WITHUMSMITH+BROWN, PC1 year Filed as: BROWN EDWARDS & COMPANY, L.L.P. Service code 10 · EIN 54-0504608	Accounting	$15,809
STITES & HARBISON1 year Filed as: STITES & HARBISON, PLLC Service code 16 400 W MARKET · LOUISVILLE, KY 40202	Consulting	$1,500

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3F3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$107K

$351 / participant

Contract admin$90K83.8%
Other / not subdivided$17K16.2%

% of EOY assets

0.646%

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: BROWN, EDWARDS & COMPANY, L.L.P.
Auditor EIN: 540504608
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,745

$55,125-20.6%

$109,895-60.2%

$86,813-49.6%

Participation rate

76.7%

70.1%+6.6pp

74.2%+2.5pp

72.3%+4.4pp

Annual return

14.53%

26.20%-11.7pp

29.46%-14.9pp

97.93%-83.4pp

Employer contribution / active EE

$1,558-100.0%

$2,843-100.0%

$2,406-100.0%

Participant deferral / active EE

$2,410

$3,337-27.8%

$4,049-40.5%

$4,131-41.7%

Admin fee / account holder

$283

$141+100.5%

$6,067-95.3%

$170+66.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.6 years

Service code 12 · EIN 27-2037969

Recordkeeping and information managem...

$89,824

WITHUMSMITH+BROWN, PC1 year

Filed as: BROWN EDWARDS & COMPANY, L.L.P.

Service code 10 · EIN 54-0504608

Accounting

$15,809

STITES & HARBISON1 year

Filed as: STITES & HARBISON, PLLC

Service code 16

400 W MARKET · LOUISVILLE, KY 40202

Consulting

$1,500

LUX ENTERPRISES, INC. EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUX ENTERPRISES, INC. 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