Retirement plan

LODGING KIT COMPANY 401(K) PLAN

Name: LODGING KIT COMPANY - LODGING KIT COMPANY 401(K) PLAN (2023) Form 5500
Creator: LODGING KIT COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LODGING KIT COMPANY 401(K) PLAN, LODGING KIT COMPANY

LODGING KIT COMPANYEIN 16-1363460Plan #001PY 2023

13492 STATE ROUTE 12 - BOONVILLE, NY 13309315-942-4246lodgingkit.comLinkedIn11-50 employeeshospitality

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

+1.8% from 2022

Total participants

+2.1% from 2022

Average account balance

$63,830

+1.8% from 2022

Annual return

15.62%

+34.22 pp from 2022

Benchmarks

See 9,211 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,211 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.24M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

62.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$204K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1999

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$538K

$18545 / participant

Other / not subdivided$538K100.0%

% of EOY assets

20.061%

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

$63,830

$91,537-30.3%

$130,045-50.9%

$75,173-15.1%

Participation rate

79.3%

71.5%+7.9pp

78.5%+0.8pp

67.2%+12.1pp

Annual return

15.62%

-631.55%+647.2pp

-137.30%+152.9pp

160.72%-145.1pp

Employer contribution / active EE

$1,626

$2,845-42.8%

$4,321-62.4%

$2,671-39.1%

Participant deferral / active EE

$4,369

$4,343+0.6%

$5,820-24.9%

$4,126+5.9%

Admin fee / account holder

$12,805

$6,780+88.9%

$10,600+20.8%

$5,651+126.6%

LODGING KIT COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LODGING KIT COMPANY 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