Retirement plan

LINCOLN AVENUE WATER COMPANY 401(K) SALARY REDUCTION PLAN AND TRUST

Name: LINCOLN AVENUE WATER COMPANY - LINCOLN AVENUE WATER COMPANY 401(K) SALARY REDUCTION PLAN AND TRUST (2024) Form 5500
Creator: LINCOLN AVENUE WATER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LINCOLN AVENUE WATER COMPANY 401(K) SALARY REDUCTION PLAN AND TRUST, LINCOLN AVENUE WATER COMPANY

LINCOLN AVENUE WATER COMPANYEIN 95-0937105Plan #002PY 2024

564 WEST HARRIET STREET - ALTADENA, CA 910014537626-798-9101lawc.orgLinkedIn1-10 employeesutilities

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+17.5% from 2023

Total participants

+7.7% from 2023

Average account balance

$100,523

+0.7% from 2023

Annual return

11.86%

+4.67 pp from 2023

Benchmarks

See 1,939 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,939 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$103K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3505

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 codes2E2F2G2J3D

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.
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

$49K

$4089 / participant

Other / not subdivided$49K100.0%

% of EOY assets

3.487%

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

$100,523

$97,078+3.5%

$103,065-2.5%

$145,897-31.1%

Participation rate

100.0%

81.1%+18.9pp

80.6%+19.4pp

80.3%+19.7pp

Annual return

11.86%

25.49%-13.6pp

23.95%-12.1pp

552.29%-540.4pp

Employer contribution / active EE

$5,417

$4,680+15.7%

$4,675+15.9%

$4,663+16.2%

Participant deferral / active EE

$3,200

$6,601-51.5%

$6,625-51.7%

$6,689-52.2%

Admin fee / account holder

$3,505

$12,505-72.0%

$9,349-62.5%

$13,390-73.8%

LINCOLN AVENUE WATER COMPANY 401(K) SALARY REDUCTION PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LINCOLN AVENUE WATER COMPANY 401(K) SALARY REDUCTION PLAN AND TRUST

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