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 (2020) 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 2020

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-17.6% from 2019

Total participants

-18.8% from 2019

Average account balance

$137,945

+19.9% from 2019

Annual return

4.98%

-4.47 pp from 2019

Benchmarks

See 1,417 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,417 peers

Snapshot2020

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

$527K

$40521 / participant

Other / not subdivided$527K100.0%

% of EOY assets

34.716%

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

$137,945

$111,301+23.9%

$112,977+22.1%

$158,966-13.2%

Participation rate

84.6%

83.5%+1.1pp

82.6%+2.1pp

82.0%+2.7pp

Annual return

4.98%

26.40%-21.4pp

24.24%-19.3pp

302.95%-298.0pp

Employer contribution / active EE

$5,000

$4,471+11.8%

$4,255+17.5%

$4,762+5.0%

Participant deferral / active EE

$2,613

$5,880-55.6%

$5,836-55.2%

$5,983-56.3%

Admin fee / account holder

$47,889

$8,392+470.7%

$6,294+660.9%

$11,250+325.7%

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