Retirement plan

LIGHTSPEED SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Name: LIGHTSPEED SYSTEMS, INC. - LIGHTSPEED SYSTEMS, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: LIGHTSPEED SYSTEMS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIGHTSPEED SYSTEMS, INC. 401(K) PROFIT SHARING PLAN, LIGHTSPEED SYSTEMS, INC.

LIGHTSPEED SYSTEMS, INC.EIN 77-0516848Plan #001PY 2018

2500 BEE CAVES RD STE 1-350 - AUSTIN, TX 78746661-716-7600

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.4M

-18.3% from 2017

Total participants

130

-1.5% from 2017

Average account balance

$80,995

-18.3% from 2017

Annual return

-6.81%

-24.74 pp from 2017

Benchmarks

See 25,535 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,535 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.12M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

250

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$295

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$42,520
PENSIONMARK FINANCIAL GROUP LLC4+ years Service code 27 24 E COTA ST, STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$33,140
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$16,583
DAVEY INSURANCE MARKETING INC1 year Filed as: DAVEY INS.MARKETING INC DBA PACETPA Service code 13	Contract Administrator	$10,000
DAVEY INSURANCE MARKETING INC4+ years Service code 13 · EIN 77-0396341 1645 SHAW AVENUE, SUITE 101 · CLOVIS, CA 93611	Contract Administrator	$2,905

Plan features & details

Pension benefit codes2E2K2J3D2G

Plan features

2E
Profit-sharing
Profit-sharing 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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$58K

$663 / participant

Investment mgmt$55K94.9%
Contract admin$3K5.1%

% of EOY assets

0.692%

all-in expense ratio

Categories reported

2 / 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: DANIELLS PHILLIPS VAUGHAN AND BOCK
Auditor EIN: 952972229
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,995

$77,817+4.1%

$123,553-34.4%

$64,173+26.2%

Participation rate

70.5%

74.7%-4.3pp

82.3%-11.8pp

69.6%+0.9pp

Annual return

-6.81%

12.49%-19.3pp

119.21%-126.0pp

7.63%-14.4pp

Employer contribution / active EE

$5,012

$3,014+66.3%

$4,628+8.3%

$2,381+110.5%

Participant deferral / active EE

$6,934

$5,240+32.3%

$6,426+7.9%

$3,470+99.9%

Admin fee / account holder

$561

$5,519-89.8%

$9,284-94.0%

$4,887-88.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$42,520

PENSIONMARK FINANCIAL GROUP LLC4+ years

Service code 27

24 E COTA ST, STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$33,140

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$16,583

DAVEY INSURANCE MARKETING INC1 year

Filed as: DAVEY INS.MARKETING INC DBA PACETPA

Service code 13

Contract Administrator

$10,000

DAVEY INSURANCE MARKETING INC4+ years

Service code 13 · EIN 77-0396341

1645 SHAW AVENUE, SUITE 101 · CLOVIS, CA 93611

Contract Administrator

$2,905

LIGHTSPEED SYSTEMS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIGHTSPEED SYSTEMS, INC. 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