Retirement plan

TWIN LAKE CHEMICAL, INC. & J.H. PRODUCTS, INC. PROFIT SHARING PLAN

Name: TWIN LAKE CHEMICAL, INC. - TWIN LAKE CHEMICAL, INC. & J.H. PRODUCTS, INC. PROFIT SHARING PLAN (2017) Form 5500
Creator: TWIN LAKE CHEMICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TWIN LAKE CHEMICAL, INC. & J.H. PRODUCTS, INC. PROFIT SHARING PLAN, TWIN LAKE CHEMICAL, INC.

TWIN LAKE CHEMICAL, INC.EIN 16-1044273Plan #002PY 2017

520 MILL STREET, P.O. BOX 411 - LOCKPORT, NY 14095716-433-3824twinlakechemical.comLinkedIn1-10 employeesmachinery

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$278K

+20.9% from 2016

Total participants

-6.3% from 2016

Average account balance

$18,528

+29.0% from 2016

Annual return

15.67%

+13.50 pp from 2016

Benchmarks

See 8,098 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,098 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$371K

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

111.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+6.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2605

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 codes2E2F2G2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$6K

$530 / participant

Other / not subdivided$6K100.0%

% of EOY assets

2.098%

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

$18,528

$104,251-82.2%

$91,004-79.6%

$147,586-87.4%

Participation rate

100.0%

78.2%+21.8pp

75.6%+24.4pp

82.8%+17.2pp

Annual return

15.67%

27.06%-11.4pp

4.60%+11.1pp

578.59%-562.9pp

Employer contribution / active EE

$1,364

$3,116-56.2%

$2,456-44.5%

$4,876-72.0%

Participant deferral / active EE

$4,195-100.0%

$3,548-100.0%

$5,439-100.0%

Admin fee / account holder

$389

$8,948-95.7%

$5,417-92.8%

$10,886-96.4%

TWIN LAKE CHEMICAL, INC. & J.H. PRODUCTS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TWIN LAKE CHEMICAL, INC. & J.H. PRODUCTS, INC. 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