Retirement plan

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

Name: LETHAL PERFORMANCE, INC. - LETHAL PERFORMANCE, INC.401(K) PROFIT SHARING PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#001Retirement-$1.3M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$726K

+44.2% from 2022

Total participants

+29.4% from 2022

Average account balance

$34,558

+9.9% from 2022

Annual return

17.13%

+30.43 pp from 2022

Benchmarks

See 22,148 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,148 peers

Snapshot2023

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

$90K

$4738 / participant

Other / not subdivided$90K100.0%

% of EOY assets

12.406%

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

$34,558

$102,696-66.3%

$86,235-59.9%

$139,487-75.2%

Participation rate

94.7%

74.5%+20.2pp

69.0%+25.8pp

80.3%+14.4pp

Annual return

17.13%

1925.91%-1908.8pp

1170.03%-1152.9pp

373.84%-356.7pp

Employer contribution / active EE

$7,697

$3,034+153.7%

$2,381+223.3%

$4,755+61.9%

Participant deferral / active EE

$4,012

$4,679-14.3%

$3,987+0.6%

$6,713-40.2%

Admin fee / account holder

$4,287

$8,667-50.5%

$6,856-37.5%

$11,407-62.4%

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