Retirement plan

LANTERN FINANCIAL CORPORATION 401(K)PROFIT SHARING PLAN

Name: LANTERN FINANCIAL CORPORATION - LANTERN FINANCIAL CORPORATION 401(K)PROFIT SHARING PLAN (2016) Form 5500
Creator: LANTERN FINANCIAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANTERN FINANCIAL CORPORATION 401(K)PROFIT SHARING PLAN, LANTERN FINANCIAL CORPORATION

LANTERN FINANCIAL CORPORATIONEIN 95-4427861Plan #003PY 2016

13701 RIVERSIDE DRIVE, SUITE 304 - SHERMAN OAKS, CA 914232447818-386-0101lanternfinancial.comLinkedIn1-10 employeesfinancial services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.2M

No prior year

Total participants

No prior year

Average account balance

No prior year

Annual return

7.73%

No prior year

Benchmarks

See 877 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants<25

Cohort877 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.46M

Not enough data

1 years with asset history on file

Average account balance

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

$243K

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.

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+6.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19227

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2H2J3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

$5K

$759 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.383%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$163,687-100.0%

$108,745-100.0%

$273,972-100.0%

Participation rate

0.0%

82.3%-82.3pp

77.7%-77.7pp

83.0%-83.0pp

Annual return

7.73%

31.16%-23.4pp

46.22%-38.5pp

41.46%-33.7pp

Employer contribution / active EE

$1,601

$4,711-66.0%

$3,323-51.8%

$4,869-67.1%

Participant deferral / active EE

$3,725

$7,155-47.9%

$5,121-27.3%

$5,287-29.5%

Admin fee / account holder

$12,890-100.0%

$6,144-100.0%

$10,133-100.0%

LANTERN FINANCIAL CORPORATION 401(K)PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANTERN FINANCIAL CORPORATION 401(K)PROFIT SHARING 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