Retirement plan

LGS MANAGEMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Name: LGS MANAGEMENT GROUP, INC. - LGS MANAGEMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN (2019) Form 5500
Creator: LGS MANAGEMENT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LGS MANAGEMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN, LGS MANAGEMENT GROUP, INC.

LGS MANAGEMENT GROUP, INC.EIN 82-5475512Plan #003PY 2019

2901 S. LYNNHAVEN ROAD, SUITE 450 - VIRGINIA BEACH, VA 23452757-222-0300

Other plans on this EIN

1 filing

#001Retirement-$2.0M assets

Prospect flagsLow returnsLow assets / participant

How to read this page

Total assets (EOY)

$2.5M

-52.6% from 2018

Total participants

299

+64.3% from 2018

Average account balance

$8,594

-71.8% from 2018

Annual return

-74.82%

-66.32 pp from 2018

Benchmarks

See 2,853 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,853 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6K

Not enough data

1 years with asset history on file

Average account balance

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

$17

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.

350

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.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+0.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$852

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

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 codes2A2I2P3H3I

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).
2I
Stock bonus
Stock bonus plan.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DIXON HUGES GOODMAN LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,594

$88,122-90.2%

$141,177-93.9%

$67,579-87.3%

Participation rate

97.4%

76.5%+20.9pp

82.5%+14.9pp

71.3%+26.1pp

Annual return

-74.82%

75.40%-150.2pp

71.40%-146.2pp

378.56%-453.4pp

Employer contribution / active EE

$4,496

$3,224+39.4%

$4,736-5.1%

$2,148+109.3%

Participant deferral / active EE

$5,958-100.0%

$6,710-100.0%

$3,539-100.0%

Admin fee / account holder

$131-100.0%

$10,263-100.0%

$142-100.0%

LGS MANAGEMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LGS MANAGEMENT GROUP, INC. EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion