Retirement plan

EMPLOYEE BENEFIT PLAN OF LGS MANAGEMENT GROUP, INC.

Name: LGS MANAGEMENT GROUP, INC. - EMPLOYEE BENEFIT PLAN OF LGS MANAGEMENT GROUP, INC. (2020) Form 5500
Creator: LGS MANAGEMENT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF LGS MANAGEMENT GROUP, INC., LGS MANAGEMENT GROUP, INC.

LGS MANAGEMENT GROUP, INC.EIN 82-5475512Plan #001PY 2020

2901 S LYNNHAVEN RD STE 450 - VIRGINIA BEACH, VA 234528524757-222-0300

Other plans on this EIN

1 filing

#003Retirement-$3.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

+33.0% from 2019

Total participants

+8.9% from 2019

Average account balance

$47,482

+23.7% from 2019

Annual return

31.06%

-17.51 pp from 2019

Benchmarks

See 508 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants25-99

Cohort508 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.18M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

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.

185.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$205K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11562

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T3H

Plan features

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.
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.
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

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

$343K

$6725 / participant

Other / not subdivided$343K100.0%

% of EOY assets

12.672%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,482

$95,762-50.4%

$379,746-87.5%

$79,858-40.5%

Participation rate

92.2%

74.0%+18.2pp

78.4%+13.7pp

69.6%+22.5pp

Annual return

31.06%

18.26%+12.8pp

34.90%-3.8pp

31.72%-0.7pp

Employer contribution / active EE

$2,260

$2,695-16.1%

$3,540-36.2%

$2,471-8.5%

Participant deferral / active EE

$5,214

$4,705+10.8%

$6,024-13.4%

$3,740+39.4%

Admin fee / account holder

$6,017

$6,745-10.8%

$7,927-24.1%

$5,306+13.4%

EMPLOYEE BENEFIT PLAN OF LGS MANAGEMENT GROUP, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF LGS MANAGEMENT GROUP, INC.

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