Retirement plan

LAMTEC CORPORATION 401(K) PROFIT SHARING PLAN

Name: LAMTEC CORPORATION - LAMTEC CORPORATION 401(K) PROFIT SHARING PLAN (2018) 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 2018

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$36M

-12.8% from 2017

Total participants

149

-2.6% from 2017

Average account balance

$245,164

-9.8% from 2017

Annual return

-3.77%

-21.76 pp from 2017

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2018

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 SERVICES4+ years Service code 27 97 LACKAWANNA AVENUE · TOTOWA, NJ 075122334	Advisory (Plan)	$61,231
CONCANNON, MILLER & CO P.C.3 years 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 INSURANCE3 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,953
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

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

$77K

$556 / participant

Contract admin$77K100.0%

% of EOY assets

0.213%

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

$245,164

$58,093+322.0%

$80,022+206.4%

$56,287+335.6%

Participation rate

98.6%

73.6%+24.9pp

75.8%+22.7pp

69.9%+28.7pp

Annual return

-3.77%

34.63%-38.4pp

11.22%-15.0pp

-9.96%+6.2pp

Employer contribution / active EE

$10,145

$1,933+424.9%

$2,468+311.1%

$2,111+380.6%

Participant deferral / active EE

$5,109

$3,136+62.9%

$3,686+38.6%

$3,350+52.5%

Admin fee / account holder

$522

$623-16.2%

$6,521-92.0%

$521+0.1%

Provider

Service type

Compensation

CFS INVESTMENT ADVISORY SERVICES4+ years

Service code 27

97 LACKAWANNA AVENUE · TOTOWA, NJ 075122334

Advisory (Plan)

$61,231

CONCANNON, MILLER & CO P.C.3 years

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 INSURANCE3 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,953

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

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