Retirement plan

L/B WATER SERVICE, INC. 401(K) PLAN

Name: L/B WATER SERVICE, INC. - L/B WATER SERVICE, INC. 401(K) PLAN (2018) Form 5500
Creator: L/B WATER SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L/B WATER SERVICE, INC. 401(K) PLAN, L/B WATER SERVICE, INC.

L/B WATER SERVICE, INC.EIN 75-3036438Plan #001PY 2018

540 SOUTH HIGH STREET, PO BOX 60 - SELINSGROVE, PA 178701302570-374-1157

Other plans on this EIN

1 filing

#002Retirement-$92.9M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$13.4M

+17.3% from 2017

Total participants

221

+8.3% from 2017

Average account balance

$61,030

+6.6% from 2017

Annual return

22.61%

+10.80 pp from 2017

Benchmarks

See 2,344 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,344 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.41M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

261

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.57M

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

+8.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$427

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$68,982
CORNERSTONE ADVISORS ASSET MGMT3+ years Service code 27	Advisory (Plan)	$42,298
THE ANGELL PENSION GROUP, INC.3+ years Filed as: THE ANGELL PENSION GROUP INC Service code 49 · EIN 04-2530412	Other Services	$6,197
CORNERSTONE ADVISORS ASSET MGMT2 years Filed as: CORNERSTONE ADVISORS ASSET MGT Service code 27 · EIN 75-3204798	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$69K

$338 / participant

Contract admin$69K100.0%

% of EOY assets

0.514%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BROWN SCHULTZ SHERIDAN & FRITZ
Auditor EIN: 251644149
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,030

$66,302-8.0%

$110,243-44.6%

$56,287+8.4%

Participation rate

99.5%

74.9%+24.6pp

79.8%+19.7pp

69.9%+29.7pp

Annual return

22.61%

-1.18%+23.8pp

314.76%-292.1pp

-9.96%+32.6pp

Employer contribution / active EE

$2,047-100.0%

$3,827-100.0%

$2,111-100.0%

Participant deferral / active EE

$4,551

$3,381+34.6%

$4,672-2.6%

$3,350+35.8%

Admin fee / account holder

$314

$698-55.1%

$8,548-96.3%

$521-39.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$68,982

CORNERSTONE ADVISORS ASSET MGMT3+ years

Service code 27

Advisory (Plan)

$42,298

THE ANGELL PENSION GROUP, INC.3+ years

Filed as: THE ANGELL PENSION GROUP INC

Service code 49 · EIN 04-2530412

Other Services

$6,197

CORNERSTONE ADVISORS ASSET MGMT2 years

Filed as: CORNERSTONE ADVISORS ASSET MGT

Service code 27 · EIN 75-3204798

Advisory (Plan)

L/B WATER SERVICE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L/B WATER SERVICE, INC. 401(K) 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