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 (2018) 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 2018

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)

$256K

-7.9% from 2017

Total participants

-13.3% from 2017

Average account balance

$19,697

+6.3% from 2017

Annual return

0.63%

-15.04 pp from 2017

Benchmarks

See 8,254 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,254 peers

Snapshot2018

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

$41K

$4145 / participant

Other / not subdivided$41K100.0%

% of EOY assets

16.187%

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

$19,697

$99,032-80.1%

$80,022-75.4%

$135,380-85.5%

Participation rate

100.0%

78.4%+21.6pp

75.8%+24.2pp

82.6%+17.4pp

Annual return

0.63%

15.39%-14.8pp

11.22%-10.6pp

519.81%-519.2pp

Employer contribution / active EE

$1,500

$3,043-50.7%

$2,468-39.2%

$4,779-68.6%

Participant deferral / active EE

$4,282-100.0%

$3,686-100.0%

$5,609-100.0%

Admin fee / account holder

$3,188

$10,436-69.4%

$6,521-51.1%

$10,828-70.6%

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