Retirement plan

LIFEPLAN CCO 401(K) RETIREMENT PLAN

Name: LIFEPLAN CCO NY, LLC - LIFEPLAN CCO 401(K) RETIREMENT PLAN (2019) Form 5500
Creator: LIFEPLAN CCO NY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFEPLAN CCO 401(K) RETIREMENT PLAN, LIFEPLAN CCO NY, LLC

LIFEPLAN CCO NY, LLCEIN 82-3070045Plan #001PY 2019

258 GENESEE STREET, MEZZANINE LEVEL - UTICA, NY 13502315-552-1105

Prospect flagsLow participationLow assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.2M

+680.5% from 2018

Total participants

760

+157.6% from 2018

Average account balance

$12,708

+203.0% from 2018

Annual return

493.20%

+493.20 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$20.40M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

643

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.

56.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+23.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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

See the 7-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ADIRONDACK FINANCIAL SERVICES CORP1 year Filed as: ADIRONDACK FINANCIAL SERVICES Service code 26 185 GENESEE STREET, SUITE 210 · UTICA, NY 13501	Advisory (Participants)	$15,774
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS ADMINISTRATIVE SVCS Service code 15 · EIN 16-1503696	Recordkeeping	$3,913

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$20K

$26 / participant

Investment mgmt$16K80.1%
Contract admin$4K19.9%

% of EOY assets

0.608%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BONADIO & CO., LLP.
Auditor EIN: 161131146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,708

$62,928-79.8%

$172,739-92.6%

$67,579-81.2%

Participation rate

32.8%

64.5%-31.7pp

82.6%-49.9pp

71.3%-38.5pp

Annual return

493.20%

30.36%+462.8pp

802.84%-309.6pp

378.56%+114.6pp

Employer contribution / active EE

$365

$1,636-77.7%

$5,143-92.9%

$2,148-83.0%

Participant deferral / active EE

$708

$2,145-67.0%

$5,198-86.4%

$3,539-80.0%

Admin fee / account holder

$77

$167-53.7%

$13,954-99.4%

$142-45.7%

Provider

Service type

Compensation

ADIRONDACK FINANCIAL SERVICES CORP1 year

Filed as: ADIRONDACK FINANCIAL SERVICES

Service code 26

185 GENESEE STREET, SUITE 210 · UTICA, NY 13501

Advisory (Participants)

$15,774

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS ADMINISTRATIVE SVCS

Service code 15 · EIN 16-1503696

Recordkeeping

$3,913

LIFEPLAN CCO 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFEPLAN CCO 401(K) 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