Retirement plan

LEGAL AID FOUNDATION OF LOS ANGELES TAX DEFERRED ANNUITY PLAN

Name: LEGAL AID FOUNDATION OF LOS ANGELES - LEGAL AID FOUNDATION OF LOS ANGELES TAX DEFERRED ANNUITY PLAN (2017) Form 5500
Creator: LEGAL AID FOUNDATION OF LOS ANGELES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEGAL AID FOUNDATION OF LOS ANGELES TAX DEFERRED ANNUITY PLAN, LEGAL AID FOUNDATION OF LOS ANGELES

LEGAL AID FOUNDATION OF LOS ANGELESEIN 95-1684067Plan #001PY 2017

RON OLSON JUSTICE CENTER, 1550 W. 8TH ST. - LOS ANGELES, CA 90017323-801-7917lafla.orgLinkedIn51-200 employeeslaw practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$16.1M

+7.0% from 2016

Total participants

179

+2.3% from 2016

Average account balance

$100,985

+0.3% from 2016

Annual return

9.95%

+4.37 pp from 2016

Benchmarks

See 5,160 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,160 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$26.88M

Not enough data

1 years with asset history on file

Average account balance

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

$63K

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.

424

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.14M

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

+11.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$220

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

1 years with F_SCH_H allocation on file

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$44,940
AMERICAN UNITED LIFE INSURANCE CO1 year Service code 15 · EIN 35-0145825	Recordkeeping	$80
ACTUARIAL BENEFITS CORP1 year Service code 13 · EIN 20-1054428	Contract Administrator	$0
AMERICAN CENTURY1 year Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 92-2482877	Indirect Investment Fees	$0
BAIRD FUNDS1 year Service code 52 · EIN 39-6037917	Indirect Investment Fees	$0
DIMENSIONAL FUND ADVISORS1 year Service code 52 · EIN 36-3129984	Indirect Investment Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENTS Service code 52 · EIN 04-2993078	Indirect Investment Fees	$0
METROPOLITAN WEST ASSET MANAGEMENT1 year Filed as: METROPOLITIAN WEST ASSET MANAGEMENT Service code 52 · EIN 95-4625304	Indirect Investment Fees	$0
OPPENHEIMER1 year Service code 52 · EIN 13-3867060	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2F2G2L2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

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

$48K

$439 / participant

Contract admin$48K100.0%

% of EOY assets

0.301%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HARRINGTON GROUP CPAS, LLP
Auditor EIN: 954557617
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,985

$80,753+25.1%

$136,294-25.9%

$62,292+62.1%

Participation rate

81.8%

73.5%+8.3pp

81.9%-0.1pp

69.5%+12.3pp

Annual return

9.95%

35.83%-25.9pp

5155.94%-5146.0pp

28.90%-19.0pp

Employer contribution / active EE

$4,355

$2,884+51.0%

$4,695-7.2%

$2,042+113.3%

Participant deferral / active EE

$4,077

$5,164-21.1%

$6,247-34.7%

$3,169+28.6%

Admin fee / account holder

$304

$525-42.2%

$9,243-96.7%

$479-36.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$44,940

AMERICAN UNITED LIFE INSURANCE CO1 year

Service code 15 · EIN 35-0145825

Recordkeeping

$80

ACTUARIAL BENEFITS CORP1 year

Service code 13 · EIN 20-1054428

Contract Administrator

AMERICAN CENTURY1 year

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 92-2482877

Indirect Investment Fees

BAIRD FUNDS1 year

Service code 52 · EIN 39-6037917

Indirect Investment Fees

DIMENSIONAL FUND ADVISORS1 year

Service code 52 · EIN 36-3129984

Indirect Investment Fees

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENTS

Service code 52 · EIN 04-2993078

Indirect Investment Fees

METROPOLITAN WEST ASSET MANAGEMENT1 year

Filed as: METROPOLITIAN WEST ASSET MANAGEMENT

Service code 52 · EIN 95-4625304

Indirect Investment Fees

OPPENHEIMER1 year

Service code 52 · EIN 13-3867060

Indirect Investment Fees

LEGAL AID FOUNDATION OF LOS ANGELES TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEGAL AID FOUNDATION OF LOS ANGELES TAX DEFERRED ANNUITY PLAN

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