Retirement plan

LAKE BUSINESS PRODUCTS INC. 401(K) PROFIT SHARING PLAN

Name: LAKE BUSINESS PRODUCTS INC. - LAKE BUSINESS PRODUCTS INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: LAKE BUSINESS PRODUCTS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKE BUSINESS PRODUCTS INC. 401(K) PROFIT SHARING PLAN, LAKE BUSINESS PRODUCTS INC.

LAKE BUSINESS PRODUCTS INC.EIN 34-1101709Plan #001PY 2017

37200 RESEARCH DRIVE. - EASTLAKE, OH 44095440-953-1199lakebusinessproducts.comLinkedIn51-200 employeescomputer & network security

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.6M

+18.0% from 2016

Total participants

138

-6.8% from 2016

Average account balance

$86,572

+29.5% from 2016

Annual return

15.75%

+10.71 pp from 2016

Benchmarks

See 4,147 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,147 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.82M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

123

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$471K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$335

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
NATIONWIDE3+ years Service code 15 ONENATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$56,492
MGO INVESTMENT ADVISORS3+ years Service code 26 24400 CHAGRIN BLVD · BEACHWOOD, OH 441225632	Advisory (Participants)	$27,810
MOSKAL GROSS ORCHOSKY3+ years Service code 15	Recordkeeping	$5,214
CIUNI & PANICHI, INC.1 year Filed as: CIUNI AND PANICHI INC. Service code 10 225201 CHAGRIN BLVD · BEACHWOOD, OH 441225632	Accounting	$3,800
MGO INVESTMENT ADVISORS1 year Filed as: MGO INC. Service code 15 24400 CHAGRIN BLVD · BEACHWOOD, OH 44122	Recordkeeping	$3,051

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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: CIUNI & PANICHI, INC.
Auditor EIN: 341322309
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,572

$64,909+33.4%

$82,312+5.2%

$62,293+39.0%

Participation rate

96.9%

74.9%+22.0pp

76.9%+20.0pp

69.5%+27.4pp

Annual return

15.75%

21.18%-5.4pp

25.88%-10.1pp

28.90%-13.1pp

Employer contribution / active EE

$1,367

$1,676-18.4%

$2,428-43.7%

$2,042-33.1%

Participant deferral / active EE

$1,983

$3,103-36.1%

$3,706-46.5%

$3,169-37.4%

Admin fee / account holder

$440-100.0%

$5,608-100.0%

$479-100.0%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15

ONENATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$56,492

MGO INVESTMENT ADVISORS3+ years

Service code 26

24400 CHAGRIN BLVD · BEACHWOOD, OH 441225632

Advisory (Participants)

$27,810

MOSKAL GROSS ORCHOSKY3+ years

Service code 15

Recordkeeping

$5,214

CIUNI & PANICHI, INC.1 year

Filed as: CIUNI AND PANICHI INC.

Service code 10

225201 CHAGRIN BLVD · BEACHWOOD, OH 441225632

Accounting

$3,800

MGO INVESTMENT ADVISORS1 year

Filed as: MGO INC.

Service code 15

24400 CHAGRIN BLVD · BEACHWOOD, OH 44122

Recordkeeping

$3,051

LAKE BUSINESS PRODUCTS INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LAKE BUSINESS PRODUCTS INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion