Retirement plan

EMPLOYEE BENEFIT PLAN OF LAO FAMILY COMMUNITY DEVELOPMENT, INC.

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

LAO FAMILY COMMUNITY DEVELOPMENT, INC.dba LAO FAMILY COMMUNITY DEVELOPMENT, INC.EIN 94-3115164Plan #002PY 2020

2325 E 12TH ST STE 226 - OAKLAND, CA 946011014510-533-8850lfcd.orgLinkedIn51-200 employeesindividual & family services

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$792K

+38.1% from 2019

Total participants

+70.6% from 2019

Average account balance

$12,005

+4.6% from 2019

Annual return

10.84%

-8.35 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.82M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

137

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.

105.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$578K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$605

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 codes2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$76K

$980 / participant

Other / not subdivided$76K100.0%

% of EOY assets

9.650%

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

$12,005

$91,198-86.8%

$178,503-93.3%

$79,856-85.0%

Participation rate

73.1%

69.2%+3.9pp

81.9%-8.9pp

69.6%+3.4pp

Annual return

10.84%

24.20%-13.4pp

151.12%-140.3pp

31.71%-20.9pp

Employer contribution / active EE

$871

$3,257-73.3%

$5,011-82.6%

$2,471-64.8%

Participant deferral / active EE

$2,057

$3,237-36.5%

$5,202-60.5%

$3,741-45.0%

Admin fee / account holder

$1,159

$6,748-82.8%

$13,987-91.7%

$5,306-78.2%

EMPLOYEE BENEFIT PLAN OF LAO FAMILY COMMUNITY DEVELOPMENT, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF LAO FAMILY COMMUNITY DEVELOPMENT, 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