Retirement plan

LAKEVIEW LIGHT AND POWER 401(K) RETIREMENT PLAN

Name: LAKEVIEW LIGHT AND POWER - LAKEVIEW LIGHT AND POWER 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: LAKEVIEW LIGHT AND POWER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKEVIEW LIGHT AND POWER 401(K) RETIREMENT PLAN, LAKEVIEW LIGHT AND POWER

LAKEVIEW LIGHT AND POWEREIN 91-0287923Plan #001PY 2023

11509 BRIDGEPORT WAY SW - LAKEWOOD, WA 98499253-584-6060lakeviewlight.comLinkedIn11-50 employeesutilities

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$8M

-2.1% from 2022

Total participants

+7.1% from 2022

Average account balance

$297,870

-9.3% from 2022

Annual return

11.99%

+22.81 pp from 2022

Benchmarks

See 638 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort638 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.81M

Not enough data

1 years with asset history on file

Average account balance

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

$289K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$669K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+9.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65183

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 codes2E2F2G2J2T3D

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$60887 / participant

Other / not subdivided$2M100.0%

% of EOY assets

21.198%

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

$297,870

$103,966+186.5%

$112,923+163.8%

$75,177+296.2%

Participation rate

89.3%

75.7%+13.6pp

80.5%+8.7pp

67.2%+22.1pp

Annual return

11.99%

24.54%-12.5pp

34.13%-22.1pp

160.75%-148.8pp

Employer contribution / active EE

$11,752

$3,870+203.7%

$4,570+157.2%

$2,671+340.0%

Participant deferral / active EE

$6,700

$5,456+22.8%

$6,520+2.8%

$4,126+62.4%

Admin fee / account holder

$63,142

$7,663+723.9%

$7,046+796.2%

$5,651+1017.3%

LAKEVIEW LIGHT AND POWER 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAKEVIEW LIGHT AND POWER 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