Retirement plan

LETHAL PERFORMANCE, INC.401(K) PROFIT SHARING PLAN

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

LETHAL PERFORMANCE, INC.EIN 20-2046210Plan #002PY 2024

3161 FAIRLANE FARMS, SUITE 8 - WELLINGTON, FL 33414561-753-8105lethalperformance.comLinkedIn11-50 employeesautomotive

Other plans on this EIN

1 filing

#001Retirement-$1.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$974K

+34.2% from 2023

Total participants

+13.6% from 2023

Average account balance

$40,592

+17.5% from 2023

Annual return

12.88%

-4.25 pp from 2023

Benchmarks

See 22,347 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,347 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$974K

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$239K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3726

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 codes2E2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$89K

$4969 / participant

Other / not subdivided$89K100.0%

% of EOY assets

9.180%

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

$40,592

$111,787-63.7%

$93,681-56.7%

$145,978-72.2%

Participation rate

94.4%

74.2%+20.2pp

68.7%+25.7pp

80.3%+14.2pp

Annual return

12.88%

203.52%-190.6pp

133.47%-120.6pp

550.52%-537.6pp

Employer contribution / active EE

$8,990

$3,093+190.6%

$2,422+271.2%

$4,662+92.9%

Participant deferral / active EE

$4,267

$4,918-13.2%

$4,415-3.4%

$6,690-36.2%

Admin fee / account holder

$3,726

$10,256-63.7%

$8,290-55.0%

$13,400-72.2%

LETHAL PERFORMANCE, INC.401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LETHAL PERFORMANCE, INC.401(K) 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