Retirement plan

LAMTEC CORPORATION 401(K) PROFIT SHARING PLAN

Name: LAMTEC CORPORATION - LAMTEC CORPORATION 401(K) PROFIT SHARING PLAN (2020) 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 2020

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

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$48.3M

+16.6% from 2019

Total participants

181

-5.7% from 2019

Average account balance

$271,491

+15.9% from 2019

Annual return

16.37%

-3.52 pp from 2019

Benchmarks

See 4,082 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,082 peers

Snapshot2020

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 5 by compensation

Provider	Service type	Compensation
CFS INVESTMENT ADVISORY SERVICES6+ years Service code 27 97 LACKAWANNA AVENUE · TOTOWA, NJ 075122334	Advisory (Plan)	$60,264
CONCANNON, MILLER & CO P.C.5 years Filed as: CONCANNON, MILLER AND COMPANY P.C. Service code 10 1525 VALLEY CENTER PARKWAY · BETHLEHEM, PA 18017	Accounting	$13,125
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$5,698
PRIME CAPITAL INVESTMENT ADVISORS2 years Filed as: PRIME PENSIONS, INC. Service code 13 25B VREELAND ROAD · FLORHAM PARK, NJ 07932	Contract Administrator	$5,000
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

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.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$14K

$89 / participant

Contract admin$14K100.0%

% of EOY assets

0.030%

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 COMPANY P.C.
Auditor EIN: 232620120
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$271,491

$73,638+268.7%

$95,956+182.9%

$73,493+269.4%

Participation rate

98.1%

76.2%+22.0pp

77.1%+21.0pp

70.7%+27.4pp

Annual return

16.37%

16.78%-0.4pp

91.63%-75.3pp

28.51%-12.1pp

Employer contribution / active EE

$8,750

$1,863+369.6%

$2,541+244.3%

$2,270+285.4%

Participant deferral / active EE

$4,965

$3,617+37.3%

$4,167+19.2%

$3,740+32.8%

Admin fee / account holder

$80

$482-83.3%

$6,797-98.8%

$513-84.3%

Provider

Service type

Compensation

CFS INVESTMENT ADVISORY SERVICES6+ years

Service code 27

97 LACKAWANNA AVENUE · TOTOWA, NJ 075122334

Advisory (Plan)

$60,264

CONCANNON, MILLER & CO P.C.5 years

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

Service code 10

1525 VALLEY CENTER PARKWAY · BETHLEHEM, PA 18017

Accounting

$13,125

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$5,698

PRIME CAPITAL INVESTMENT ADVISORS2 years

Filed as: PRIME PENSIONS, INC.

Service code 13

25B VREELAND ROAD · FLORHAM PARK, NJ 07932

Contract Administrator

$5,000

GREAT-WEST LIFE & ANNUITY INSURANCE6+ 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