Retirement plan

LMD FLORALS 401K AND PROFIT SHARING PLAN

Name: LEWIS MILLER DESIGN, INC. - LMD FLORALS 401K AND PROFIT SHARING PLAN (2021) Form 5500
Creator: LEWIS MILLER DESIGN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LMD FLORALS 401K AND PROFIT SHARING PLAN, LEWIS MILLER DESIGN, INC.

LEWIS MILLER DESIGN, INC.EIN 01-0666346Plan #001PY 2021

803 6TH AVENUE, 4TH FLOOR - NEW YORK, NY 10001212-614-2734LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$223K

+13.3% from 2020

Total participants

-16.7% from 2020

Average account balance

$55,717

+13.3% from 2020

Annual return

12.72%

-5.78 pp from 2020

Benchmarks

See 22,588 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,588 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$440K

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+18.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2G2J

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$30K

$5992 / participant

Other / not subdivided$30K100.0%

% of EOY assets

13.443%

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

$55,717

$176,786-68.5%

$146,643-62.0%

$167,536-66.7%

Participation rate

80.0%

83.6%-3.6pp

80.1%-0.1pp

82.1%-2.1pp

Annual return

12.72%

24.04%-11.3pp

22.75%-10.0pp

478.82%-466.1pp

Employer contribution / active EE

$2,320

$5,161-55.0%

$4,137-43.9%

$4,839-52.1%

Participant deferral / active EE

$3,900

$6,440-39.4%

$5,506-29.2%

$6,342-38.5%

Admin fee / account holder

$7,490

$13,262-43.5%

$10,280-27.1%

$12,315-39.2%

LMD FLORALS 401K AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LMD FLORALS 401K AND 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