Retirement plan

LAMTEC CORPORATION 401(K) PROFIT SHARING PLAN

Name: LAMTEC CORPORATION - LAMTEC CORPORATION 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: LAMTEC CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAMTEC CORPORATION 401(K) PROFIT SHARING PLAN, LAMTEC CORPORATION

LAMTEC CORPORATIONEIN 22-2057138Plan #001PY 2016

5010 RIVER ROAD - MOUNT BETHEL, PA 18343570-897-8200lamtec.comLinkedIn201-500 employeesbuilding materials

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$35.1M

+11.6% from 2015

Total participants

148

0.0% from 2015

Average account balance

$240,086

+10.9% from 2015

Annual return

7.86%

+5.58 pp from 2015

Benchmarks

See 1,948 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,948 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$56.33M

Not enough data

1 years with asset history on file

Average account balance

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

$273K

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.

206

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$159

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
CFS INVESTMENT ADVISORY SERVICES2+ years Service code 27 97 LACKAWANNA AVENUE · TOTOWA, NJ 075122334	Advisory (Plan)	$49,137
CONCANNON, MILLER & CO P.C.1 year Filed as: CONCANNON, MILLER AND COMPANY P.C. Service code 10 1525 VALLEY CENTER PKWY STE 300 · BETHLEHEM, PA 18017	Accounting	$12,500
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,905
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,865

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D3F

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.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$74K

$528 / participant

Contract admin$74K100.0%

% of EOY assets

0.212%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CONCANNON, MILLER AND CO, P.C.
Auditor EIN: 232620120
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$240,086

$56,640+323.9%

$78,002+207.8%

$55,167+335.2%

Participation rate

98.6%

73.3%+25.3pp

75.5%+23.1pp

69.0%+29.6pp

Annual return

7.86%

2868.48%-2860.6pp

425.99%-418.1pp

169.23%-161.4pp

Employer contribution / active EE

$9,220

$1,724+434.9%

$2,470+273.2%

$1,963+369.8%

Participant deferral / active EE

$4,465

$2,778+60.7%

$3,497+27.7%

$3,054+46.2%

Admin fee / account holder

$510

$467+9.2%

$5,481-90.7%

$504+1.1%

Provider

Service type

Compensation

CFS INVESTMENT ADVISORY SERVICES2+ years

Service code 27

97 LACKAWANNA AVENUE · TOTOWA, NJ 075122334

Advisory (Plan)

$49,137

CONCANNON, MILLER & CO P.C.1 year

Filed as: CONCANNON, MILLER AND COMPANY P.C.

Service code 10

1525 VALLEY CENTER PKWY STE 300 · BETHLEHEM, PA 18017

Accounting

$12,500

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,905

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,865

LAMTEC CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAMTEC CORPORATION 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