Retirement plan

THE LOBSTER SHACK AT TWO LIGHTS, INC PROFIT SHARING PLAN

Name: THE LOBSTER SHACK AT TWO LIGHTS, INC - THE LOBSTER SHACK AT TWO LIGHTS, INC PROFIT SHARING PLAN (2016) Form 5500
Creator: THE LOBSTER SHACK AT TWO LIGHTS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE LOBSTER SHACK AT TWO LIGHTS, INC PROFIT SHARING PLAN, THE LOBSTER SHACK AT TWO LIGHTS, INC

THE LOBSTER SHACK AT TWO LIGHTS, INCEIN 30-0148224Plan #001PY 2016

342 MAIN STREET - CUMBERLAND CENTER, ME 04021207-829-8175LinkedIn1-10 employeesrestaurants

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$557K

+12.6% from 2015

Total participants

0.0% from 2015

Average account balance

$92,782

+12.6% from 2015

Annual return

6.55%

+9.52 pp from 2015

Benchmarks

See 6,181 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants<25

Cohort6,181 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.41M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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 codes2E3D

Plan features

2E
Profit-sharing
Profit-sharing 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

$7K

$1816 / participant

Other / not subdivided$7K100.0%

% of EOY assets

1.305%

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

$92,782

$103,949-10.7%

$69,182+34.1%

$273,972-66.1%

Participation rate

100.0%

67.4%+32.6pp

55.1%+44.9pp

83.0%+17.0pp

Annual return

6.55%

35.28%-28.7pp

-21.93%+28.5pp

41.46%-34.9pp

Employer contribution / active EE

$7,500

$1,783+320.6%

$1,206+521.8%

$4,869+54.0%

Participant deferral / active EE

$2,716-100.0%

$1,897-100.0%

$5,287-100.0%

Admin fee / account holder

$1,211

$3,671-67.0%

$2,697-55.1%

$10,133-88.1%

THE LOBSTER SHACK AT TWO LIGHTS, INC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE LOBSTER SHACK AT TWO LIGHTS, INC 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