Retirement plan

THE LAKES COUNTRY CLUB ASSOCIATION, INC. 401(K) PLAN

Name: THE LAKES COUNTRY CLUB ASSOCIATION, INC. - THE LAKES COUNTRY CLUB ASSOCIATION, INC. 401(K) PLAN (2020) Form 5500
Creator: THE LAKES COUNTRY CLUB ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LAKES COUNTRY CLUB ASSOCIATION, INC. 401(K) PLAN, THE LAKES COUNTRY CLUB ASSOCIATION, INC.

THE LAKES COUNTRY CLUB ASSOCIATION, INC.EIN 95-3792265Plan #001PY 2020

161 OLD RANCH ROAD - PALM DESERT, CA 92211760-568-4321LinkedIn51-200 employeesrecreational facilities and services

Prospect flagsLow returnsRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.4M

+8.8% from 2019

Total participants

135

-4.3% from 2019

Average account balance

$34,393

+5.5% from 2019

Annual return

4.34%

-1.14 pp from 2019

Benchmarks

See 554 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort554 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.68M

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.

106

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.

46.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$558K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$360

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 51-0120742 1000 HARBOR BLVD FL 8 · WEEHAWKEN, NJ 07086	Advisory (Plan)	$11,858
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 15 · EIN 04-1590850	Recordkeeping	$4,474
KB ACTUARIAL, INC.1 year Filed as: KB ACTUARIAL, INC Service code 13 · EIN 27-1837997 PO BOX 1290 · YUCAIPA, CA 92399	Contract Administrator	$1,477
MESIROW FINANCIAL INVESTMENT MANAGE1 year Service code 49 · EIN 36-3429599	Other Services	$0

Plan features & details

Pension benefit codes2E2F2J2K2T3D

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).
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.
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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$4K

$38 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.130%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LUND & GUTTRY, LLP
Auditor EIN: 952101327
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,393

$53,901-36.2%

$134,162-74.4%

$73,493-53.2%

Participation rate

70.1%

62.8%+7.3pp

72.2%-2.1pp

70.7%-0.6pp

Annual return

4.34%

15.82%-11.5pp

36.35%-32.0pp

28.51%-24.2pp

Employer contribution / active EE

$1,108

$1,458-24.0%

$3,705-70.1%

$2,270-51.2%

Participant deferral / active EE

$1,606

$2,739-41.4%

$3,500-54.1%

$3,740-57.1%

Admin fee / account holder

$45

$581-92.3%

$6,685-99.3%

$513-91.3%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 51-0120742

1000 HARBOR BLVD FL 8 · WEEHAWKEN, NJ 07086

Advisory (Plan)

$11,858

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 15 · EIN 04-1590850

Recordkeeping

$4,474

KB ACTUARIAL, INC.1 year

Filed as: KB ACTUARIAL, INC

Service code 13 · EIN 27-1837997

PO BOX 1290 · YUCAIPA, CA 92399

Contract Administrator

$1,477

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Service code 49 · EIN 36-3429599

Other Services

THE LAKES COUNTRY CLUB ASSOCIATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LAKES COUNTRY CLUB ASSOCIATION, INC. 401(K) 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