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 (2019) 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 2019

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

Other plans on this EIN

1 filing

#001Retirement-$1.4M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+15.0% from 2018

Total participants

+33.3% from 2018

Average account balance

$115,065

-28.1% from 2018

Annual return

9.45%

+3.33 pp from 2018

Benchmarks

See 1,379 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,379 peers

Snapshot2019

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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$37K

$3091 / participant

Other / not subdivided$37K100.0%

% of EOY assets

2.014%

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

$115,065

$102,828+11.9%

$105,387+9.2%

$152,897-24.7%

Participation rate

100.0%

83.8%+16.2pp

82.6%+17.4pp

82.5%+17.5pp

Annual return

9.45%

20.85%-11.4pp

26.82%-17.4pp

345.43%-336.0pp

Employer contribution / active EE

$5,417

$4,473+21.1%

$4,213+28.6%

$4,764+13.7%

Participant deferral / active EE

$3,730

$5,465-31.7%

$5,502-32.2%

$5,851-36.2%

Admin fee / account holder

$2,318

$8,683-73.3%

$6,559-64.7%

$11,599-80.0%

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