Retirement plan

LUSTER-ON PRODUCTS, INC. PROFIT SHARING 401(K) PLAN

Name: LUSTER-ON PRODUCTS, INC. - LUSTER-ON PRODUCTS, INC. PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: LUSTER-ON PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUSTER-ON PRODUCTS, INC. PROFIT SHARING 401(K) PLAN, LUSTER-ON PRODUCTS, INC.

LUSTER-ON PRODUCTS, INC.EIN 04-2455970Plan #002PY 2024

54 WALTHAM AVE - SPRINGFIELD, MA 01109413-739-2541LinkedIn11-50 employeeschemicals

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$4.7M

+21.4% from 2023

Total participants

-15.0% from 2023

Average account balance

$274,348

+42.9% from 2023

Annual return

19.85%

+9.65 pp from 2023

Benchmarks

See 8,614 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,614 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.66M

Not enough data

1 years with asset history on file

Average account balance

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

$274K

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.

130.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$139K

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

+19.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4578

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 codes2E2F2G2J2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$78K

$5987 / participant

Other / not subdivided$78K100.0%

% of EOY assets

1.669%

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

$274,348

$125,237+119.1%

$105,608+159.8%

$145,877+88.1%

Participation rate

100.0%

77.7%+22.3pp

75.3%+24.7pp

80.3%+19.7pp

Annual return

19.85%

225.76%-205.9pp

116.50%-96.7pp

551.28%-531.4pp

Employer contribution / active EE

$6,895

$3,720+85.3%

$3,167+117.7%

$4,663+47.9%

Participant deferral / active EE

$3,760

$5,711-34.2%

$5,010-24.9%

$6,691-43.8%

Admin fee / account holder

$4,578

$17,287-73.5%

$11,028-58.5%

$13,402-65.8%

LUSTER-ON PRODUCTS, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUSTER-ON PRODUCTS, INC. PROFIT SHARING 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