Retirement plan

LOADMASTER TRAILER COMPANY, LTD. 401K PLAN AND TRUST

Name: LOADMASTER TRAILER COMPANY, LTD. - LOADMASTER TRAILER COMPANY, LTD. 401K PLAN AND TRUST (2022) Form 5500
Creator: LOADMASTER TRAILER COMPANY, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOADMASTER TRAILER COMPANY, LTD. 401K PLAN AND TRUST, LOADMASTER TRAILER COMPANY, LTD.

LOADMASTER TRAILER COMPANY, LTD.EIN 31-1564420Plan #001PY 2022

2354 E. HARBOR ROAD - PORT CLINTON, OH 43452800-258-6115loadmastertrailerco.comLinkedIn1-10 employeesmaritime

Prospect flagsLow participant contributionLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

-14.3% from 2021

Total participants

+12.5% from 2021

Average account balance

$132,827

-19.7% from 2021

Annual return

-15.90%

-31.15 pp from 2021

Benchmarks

See 22,373 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,373 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.92M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$89K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3427

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 codes2E2F2G2J2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$431

$33 / participant

Other / not subdivided$431100.0%

% of EOY assets

0.020%

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

$132,827

$100,792+31.8%

$86,691+53.2%

$134,509-1.3%

Participation rate

84.6%

78.9%+5.7pp

76.6%+8.0pp

81.2%+3.4pp

Annual return

-15.90%

29.08%-45.0pp

35.94%-51.8pp

418.13%-434.0pp

Employer contribution / active EE

$1,489

$3,491-57.4%

$2,837-47.5%

$4,741-68.6%

Participant deferral / active EE

$1,542

$5,339-71.1%

$4,656-66.9%

$6,400-75.9%

Admin fee / account holder

$27

$10,924-99.8%

$7,492-99.6%

$11,427-99.8%

LOADMASTER TRAILER COMPANY, LTD. 401K PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOADMASTER TRAILER COMPANY, LTD. 401K PLAN AND TRUST

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