Retirement plan

THE LAKE PLACID ADVERTISERS WORKSHOP, INC. PROFIT SHARING 401(K) PLAN

Name: LAKE PLACID ADVERTISERS WORKSHOP, INC. - THE LAKE PLACID ADVERTISERS WORKSHOP, INC. PROFIT SHARING 401(K) PLAN (2018) Form 5500
Creator: LAKE PLACID ADVERTISERS WORKSHOP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LAKE PLACID ADVERTISERS WORKSHOP, INC. PROFIT SHARING 401(K) PLAN, LAKE PLACID ADVERTISERS WORKSHOP, INC.

LAKE PLACID ADVERTISERS WORKSHOP, INC.EIN 14-1620899Plan #001PY 2018

44 HADJIS WAY - LAKE PLACID, NY 12946518-523-3359LinkedIn1-10 employeespaper & forest products

Other plans on this EIN

1 filing

#002Retirement-$830K assets

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+14.8% from 2017

Total participants

-8.2% from 2017

Average account balance

$44,737

+26.6% from 2017

Annual return

15.16%

+0.58 pp from 2017

Benchmarks

See 2,031 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort2,031 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$507K

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+15.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$111

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 codes2E2F2G2J2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$44K

$1146 / participant

Other / not subdivided$44K100.0%

% of EOY assets

3.358%

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

$44,737

$53,596-16.5%

$90,655-50.7%

$64,181-30.3%

Participation rate

57.9%

64.5%-6.6pp

74.0%-16.1pp

69.6%-11.7pp

Annual return

15.16%

4.41%+10.8pp

1.89%+13.3pp

7.63%+7.5pp

Employer contribution / active EE

$1,503-100.0%

$2,532-100.0%

$2,381-100.0%

Participant deferral / active EE

$1,018

$2,459-58.6%

$3,425-70.3%

$3,470-70.7%

Admin fee / account holder

$1,502

$3,868-61.2%

$4,994-69.9%

$4,887-69.3%

THE LAKE PLACID ADVERTISERS WORKSHOP, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LAKE PLACID ADVERTISERS WORKSHOP, 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