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Retirement plan

LYRIC 403(B) RETIREMENT PLAN

LAVENDAR YOUTH RECREATION AND INFORMATION CENTEREIN 94-3227296Plan #002PY 2022

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127 COLLINGWOOD STREET - SAN FRANCISCO, CA 941142411415-703-6150

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$466K

-52.6% from 2021

Total participants

43

+13.2% from 2021

Average account balance

$11,639

-64.4% from 2021

Annual return

-8.90%

-59.84 pp from 2021

Benchmarks

See 9,360 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,360 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$580K

Not enough data

1 years with asset history on file

Average account balance

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

$18K

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.

32

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.

152.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$111K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1602

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

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 codes2F2G2L2M2S2T3D

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$579K

$15649 / participant

Other / not subdivided$579K100.0%

% of EOY assets

124.373%

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	$11,639	$54,370-78.6%	$82,763-85.9%	$68,490-83.0%
Participation rate	91.9%	63.9%+28.0pp	72.6%+19.3pp	67.9%+24.0pp
Annual return	-8.90%	-13.67%+4.8pp	702.45%-711.3pp	-7.85%-1.0pp
Employer contribution / active EE	$1,859	$2,219-16.2%	$3,008-38.2%	$2,597-28.4%
Participant deferral / active EE	$1,936	$3,247-40.4%	$4,395-56.0%	$4,028-51.9%
Admin fee / account holder	$14,475	$4,398+229.1%	$5,325+171.8%	$5,403+167.9%