Retirement plan

THE LUMBEE TRIBE OF NC 401(K) PLAN

Name: THE LUMBEE TRIBE OF NORTH CAROLINA - THE LUMBEE TRIBE OF NC 401(K) PLAN (2020) Form 5500
Creator: THE LUMBEE TRIBE OF NORTH CAROLINA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LUMBEE TRIBE OF NC 401(K) PLAN, THE LUMBEE TRIBE OF NORTH CAROLINA

THE LUMBEE TRIBE OF NORTH CAROLINAEIN 84-1704531Plan #001PY 2020

6984 NC HWY 711W, PO BOX 2709 - PEMBROKE, NC 28372910-522-5189lumbeetribe.comLinkedIn51-200 employeesgovernment administration

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$3.4M

+21.8% from 2019

Total participants

230

+32.9% from 2019

Average account balance

$17,013

-26.4% from 2019

Annual return

13.92%

-11.51 pp from 2019

Benchmarks

See 1,687 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,687 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.10M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

180

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.18M

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

+14.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$242

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 7 by compensation

Provider	Service type	Compensation
STIFEL NICOLAUS & CO INC3 years Filed as: STIFFEL NICOLAUS & CO INC Service code 55	Other Commissions	$10,140
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,285
QRPS, INC.1 year Service code 13 2724 DISCOVERY DR · RALEIGH, NC 27616	Contract Administrator	$5,896
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$394
PENTEGRA SERVICES, INC.3 years Filed as: PENTEGRA SERVICES INC. Service code 13	Contract Administrator	$209
PENTEGRA SERVICES, INC.2 years Service code 99 6830 COMMERCE CT. DR. · BLACKLICK, OH 430049297	Other Fees	$180
STIFEL NICOLAUS & CO INC3 years Filed as: STIFEL NICHOLAUS & CO. INC. Service code 55 501 N. BROADWAY · ST. LOUIS, MO 63102	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$12K

$94 / participant

Contract admin$9K75.3%
Other / not subdivided$3K24.7%

% of EOY assets

0.356%

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: ANDERSON BROS. CPAS
Auditor EIN: 841839663
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,013

$66,124-74.3%

$90,440-81.2%

$73,493-76.9%

Participation rate

74.0%

69.7%+4.3pp

72.7%+1.3pp

70.7%+3.3pp

Annual return

13.92%

17.65%-3.7pp

1294.38%-1280.5pp

28.51%-14.6pp

Employer contribution / active EE

$1,447

$2,346-38.3%

$3,263-55.6%

$2,270-36.2%

Participant deferral / active EE

$1,964

$3,039-35.4%

$3,964-50.4%

$3,740-47.5%

Admin fee / account holder

$61

$396-84.7%

$5,615-98.9%

$513-88.2%

Provider

Service type

Compensation

STIFEL NICOLAUS & CO INC3 years

Filed as: STIFFEL NICOLAUS & CO INC

Service code 55

Other Commissions

$10,140

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,285

QRPS, INC.1 year

Service code 13

2724 DISCOVERY DR · RALEIGH, NC 27616

Contract Administrator

$5,896

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$394

PENTEGRA SERVICES, INC.3 years

Filed as: PENTEGRA SERVICES INC.

Service code 13

Contract Administrator

$209

PENTEGRA SERVICES, INC.2 years

Service code 99

6830 COMMERCE CT. DR. · BLACKLICK, OH 430049297

Other Fees

$180

STIFEL NICOLAUS & CO INC3 years

Filed as: STIFEL NICHOLAUS & CO. INC.

Service code 55

501 N. BROADWAY · ST. LOUIS, MO 63102

Other Commissions

THE LUMBEE TRIBE OF NC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LUMBEE TRIBE OF NC 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