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 (2023) 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 2023

161 OLD RANCH ROAD - PALM DESERT, CA 92211760-610-8156LinkedIn51-200 employeesrecreational facilities and services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$4.8M

+22.7% from 2022

Total participants

208

+43.4% from 2022

Average account balance

$43,117

+16.1% from 2022

Annual return

20.23%

+35.83 pp from 2022

Benchmarks

See 750 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort750 peers

Snapshot2023

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 51-0120742 315 DEADERICK ST · NASHVILLE, TN 37238	Advisory (Plan)	$16,876
KB ACTUARIAL, INC.4 years Filed as: KB ACTUARIAL, INC Service code 13 · EIN 27-1837997 PO BOX 1290 · YUCAIPA, CA 92399	Contract Administrator	$4,444
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSRUANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,518

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$618

$3 / participant

Other / not subdivided$618100.0%

% of EOY assets

0.013%

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: COACHELLA VALLEY ACCOUNTING & AUDIT
Auditor EIN: 872516350
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,117

$48,432-11.0%

$121,169-64.4%

$71,495-39.7%

Participation rate

45.8%

54.3%-8.5pp

69.5%-23.7pp

67.9%-22.1pp

Annual return

20.23%

23.28%-3.0pp

986.71%-966.5pp

28.85%-8.6pp

Employer contribution / active EE

$919

$1,493-38.5%

$4,168-78.0%

$2,589-64.5%

Participant deferral / active EE

$1,546

$2,756-43.9%

$4,083-62.1%

$4,291-64.0%

Admin fee / account holder

$1,845-99.7%

$5,645-99.9%

$1,588-99.6%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC4 years

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 51-0120742

315 DEADERICK ST · NASHVILLE, TN 37238

Advisory (Plan)

$16,876

KB ACTUARIAL, INC.4 years

Filed as: KB ACTUARIAL, INC

Service code 13 · EIN 27-1837997

PO BOX 1290 · YUCAIPA, CA 92399

Contract Administrator

$4,444

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSRUANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,518

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