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 (2023) 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 2023

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

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$23.5M

+10.7% from 2022

Total participants

392

+10.4% from 2022

Average account balance

$63,239

-2.1% from 2022

Annual return

13.01%

+27.45 pp from 2022

Benchmarks

See 6,231 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,231 peers

Snapshot2023

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

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$82,571
SAGEVIEW ADVISORY GROUP, LLC7 years Filed as: SAGEVIEW ADVISORY GROUP LLC Service code 27 · EIN 33-0818667	Advisory (Plan)	$42,726
ACTUARIAL BENEFITS CORP7 years Service code 13 · EIN 20-1054428	Contract Administrator	$5,371

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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$81K

$375 / participant

Contract admin$81K100.0%

% of EOY assets

0.343%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HARRINGTON GROUP CPA'S LLP
Auditor EIN: 954557617
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,239

$91,439-30.8%

$135,974-53.5%

$71,511-11.6%

Participation rate

90.7%

75.7%+15.0pp

81.9%+8.8pp

67.9%+22.8pp

Annual return

13.01%

29.90%-16.9pp

68.30%-55.3pp

28.86%-15.8pp

Employer contribution / active EE

$3,619

$3,705-2.3%

$4,859-25.5%

$2,589+39.8%

Participant deferral / active EE

$5,503

$7,093-22.4%

$7,760-29.1%

$4,291+28.3%

Admin fee / account holder

$217

$1,267-82.9%

$10,767-98.0%

$1,588-86.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$82,571

SAGEVIEW ADVISORY GROUP, LLC7 years

Filed as: SAGEVIEW ADVISORY GROUP LLC

Service code 27 · EIN 33-0818667

Advisory (Plan)

$42,726

ACTUARIAL BENEFITS CORP7 years

Service code 13 · EIN 20-1054428

Contract Administrator

$5,371

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