Retirement plan

LINCOLN MOVING & STORAGE 401(K) PLAN

Name: LINCOLN MOVING & STORAGE CO., INC. - LINCOLN MOVING & STORAGE 401(K) PLAN (2020) Form 5500
Creator: LINCOLN MOVING & STORAGE CO., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LINCOLN MOVING & STORAGE 401(K) PLAN, LINCOLN MOVING & STORAGE CO., INC.

LINCOLN MOVING & STORAGE CO., INC.EIN 91-0295590Plan #001PY 2020

8420 S. 190TH ST. - KENT, WA 98031425-251-5900lincmove.comLinkedIn201-500 employeestransportation/trucking/railroad

Prospect flagsLow returnsHigh feesLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$1.9M

-5.0% from 2019

Total participants

125

-13.8% from 2019

Average account balance

$36,692

+2.1% from 2019

Annual return

1.58%

-9.18 pp from 2019

Benchmarks

See 134 peers

Peer group

Industry49 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort134 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.35M

Not enough data

1 years with asset history on file

Average account balance

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

$29K

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$151K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+6.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15953

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: GREAT WEST LIFE & ANNUITY INSURANCE Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$11,008
PANAGIOTU PENSION ADVISORS, INC.3 years Filed as: PANAGIOTU PENSION ADVISORS Service code 13 7350 CIRQUE DR. W, SUITE 201 · UNIVERSITY PLACE, WA 98467	Contract Administrator	$8,881
ROYAL ALLIANCE ASSOCIATES INC2 years Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 55	Other Commissions	$8,828
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$958
ROYAL ALLIANCE ASSOCIATES INC2 years Filed as: ROYAL ALLIANCE ASSOCIATES Service code 55 10 EXCHANGE PLACE · JERSEY CITY, NJ 07302	Other Commissions	$0

Plan features & details

Pension benefit codes2E2H2J2K3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$19K

$171 / participant

Investment mgmt$11K58.2%
Contract admin$7K36.8%
Other / not subdivided$9585.1%

% of EOY assets

0.973%

all-in expense ratio

Categories reported

2 / 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: BRANTLEY JANSON
Auditor EIN: 910998786
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$36,692

$38,075-3.6%

$93,515-60.8%

$73,497-50.1%

Participation rate

35.1%

56.7%-21.6pp

66.8%-31.7pp

70.7%-35.5pp

Annual return

1.58%

17.59%-16.0pp

78.21%-76.6pp

28.51%-26.9pp

Employer contribution / active EE

$204

$1,117-81.7%

$2,077-90.2%

$2,270-91.0%

Participant deferral / active EE

$1,132

$2,012-43.8%

$3,129-63.8%

$3,740-69.7%

Admin fee / account holder

$357

$351+1.7%

$5,235-93.2%

$513-30.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: GREAT WEST LIFE & ANNUITY INSURANCE

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$11,008

PANAGIOTU PENSION ADVISORS, INC.3 years

Filed as: PANAGIOTU PENSION ADVISORS

Service code 13

7350 CIRQUE DR. W, SUITE 201 · UNIVERSITY PLACE, WA 98467

Contract Administrator

$8,881

ROYAL ALLIANCE ASSOCIATES INC2 years

Filed as: ROYAL ALLIANCE ASSOCIATES, INC.

Service code 55

Other Commissions

$8,828

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$958

ROYAL ALLIANCE ASSOCIATES INC2 years

Filed as: ROYAL ALLIANCE ASSOCIATES

Service code 55

10 EXCHANGE PLACE · JERSEY CITY, NJ 07302

Other Commissions

LINCOLN MOVING & STORAGE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LINCOLN MOVING & STORAGE 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