Retirement plan

LOWE ENTERPRISES, INC. AND CORALTREE HOSPITALITY GROUP LLC EMPLOYEE 401(K) PLAN

Name: LOWE ENTERPRISES, INC. - LOWE ENTERPRISES, INC. AND CORALTREE HOSPITALITY GROUP LLC EMPLOYEE 401(K) PLAN (2022) Form 5500
Creator: LOWE ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOWE ENTERPRISES, INC. AND CORALTREE HOSPITALITY GROUP LLC EMPLOYEE 401(K) PLAN, LOWE ENTERPRISES, INC.

LOWE ENTERPRISES, INC.EIN 95-3738683Plan #001PY 2022

11777 SAN VICENTE BLVD, SUITE 900 - LOS ANGELES, CA 90049310-820-6661

Prospect flagsLow participationFailed to transmit contributionsFailed to provide benefitCorrective distributions

Top hat statement on fileNQDC

Filed October 18, 2004 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$161M

-16.7% from 2021

Total participants

3,988

+17.7% from 2021

Average account balance

$65,522

-20.3% from 2021

Annual return

-14.82%

-32.83 pp from 2021

Benchmarks

See 128 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort128 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$245.77M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

3,421

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.

31.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$39

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 6 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.8+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$79,359
MORGAN STANLEY SMITH BARNEY6 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 16 · EIN 26-4310632	Consulting	$77,613
LITTLER MENDELSON, P.C.1 year Filed as: LITTLER MENDELSON, PC Service code 16 · EIN 94-2602731	Consulting	$23,290
HOLTHOUSE CARLIN & VAN TRIGT LLP1 year Service code 10 · EIN 95-4345526	Accounting	$22,000
BANKS ACCOUNTANCY1 year Filed as: BANKS ACCOUNTANCY. Service code 10 · EIN 82-1607473	Accounting	$16,450
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	-$14,692

Plan features & details

Pension benefit codes2E2F2G2J2K3H2R

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$204K

$79 / participant

Investment mgmt$79K38.9%
Other / not subdivided$124K61.1%

% of EOY assets

0.127%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,522

$42,504+54.2%

$159,960-59.0%

$77,904-15.9%

Participation rate

40.7%

66.9%-26.2pp

78.0%-37.3pp

73.7%-33.0pp

Annual return

-14.82%

-12.43%-2.4pp

408.60%-423.4pp

12.21%-27.0pp

Employer contribution / active EE

$1,364

$1,684-19.0%

$4,226-67.7%

$2,848-52.1%

Participant deferral / active EE

$3,015

$3,919-23.1%

$6,182-51.2%

$4,806-37.3%

Admin fee / account holder

$83

$98-15.0%

$8,698-99.0%

$133-37.4%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.8+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$79,359

MORGAN STANLEY SMITH BARNEY6 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 16 · EIN 26-4310632

Consulting

$77,613

LITTLER MENDELSON, P.C.1 year

Filed as: LITTLER MENDELSON, PC

Service code 16 · EIN 94-2602731

Consulting

$23,290

HOLTHOUSE CARLIN & VAN TRIGT LLP1 year

Service code 10 · EIN 95-4345526

Accounting

$22,000

BANKS ACCOUNTANCY1 year

Filed as: BANKS ACCOUNTANCY.

Service code 10 · EIN 82-1607473

Accounting

$16,450

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

-$14,692

LOWE ENTERPRISES, INC. AND CORALTREE HOSPITALITY GROUP LLC EMPLOYEE 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOWE ENTERPRISES, INC. AND CORALTREE HOSPITALITY GROUP LLC EMPLOYEE 401(K) PLAN

Top hat statement on fileNQDC

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