Retirement plan

LH CARBIDE PROFIT SHARING & SALARY SAVINGS PLAN

Name: LH CARBIDE TOOL & DIE CORPORATION - LH CARBIDE PROFIT SHARING & SALARY SAVINGS PLAN (2024) Form 5500
Creator: LH CARBIDE TOOL & DIE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LH CARBIDE PROFIT SHARING & SALARY SAVINGS PLAN, LH CARBIDE TOOL & DIE CORPORATION

LH CARBIDE TOOL & DIE CORPORATIONEIN 35-1138811Plan #001PY 2024

4420 CLUBVIEW DR. - FORT WAYNE, IN 46804260-432-5563

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$22.1M

+5.8% from 2023

Total participants

306

-0.3% from 2023

Average account balance

$78,535

+3.2% from 2023

Annual return

11.84%

-2.30 pp from 2023

Benchmarks

See 4,101 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,101 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.15M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

282

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$88

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
PHILLIPS FINANCIAL MANAGEMENT LLC10+ years Service code 99 · EIN 20-1131890	Other Fees	$53,691
ASCENSUS LLC2 years Filed as: BADEN GAGE & SCHROEDER LLC Service code 99 6920 POINTE INVERNESS WAY #300 · FORT WAYNE, IN 46804	Other Fees	$14,424
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 99 · EIN 71-0294708	Other Fees	$10,250

Plan features & details

Pension benefit codes2E2G2J2K2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$25K

$105 / participant

Investment mgmt$4K17.2%
Contract admin$5K21.5%
Other / not subdivided$15K61.3%

% of EOY assets

0.111%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BADEN, GAGE & SCHROEDER, LLC
Auditor EIN: 351939627
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,535

$79,209-0.9%

$102,434-23.3%

$74,459+5.5%

Participation rate

89.8%

74.8%+15.0pp

76.5%+13.3pp

67.2%+22.6pp

Annual return

11.84%

54.98%-43.1pp

29.46%-17.6pp

1369.70%-1357.9pp

Employer contribution / active EE

$396

$2,362-83.2%

$3,023-86.9%

$2,626-84.9%

Participant deferral / active EE

$4,021

$4,417-9.0%

$5,055-20.4%

$4,350-7.6%

Admin fee / account holder

$88

$2,002-95.6%

$9,462-99.1%

$1,945-95.5%

Provider

Service type

Compensation

PHILLIPS FINANCIAL MANAGEMENT LLC10+ years

Service code 99 · EIN 20-1131890

Other Fees

$53,691

ASCENSUS LLC2 years

Filed as: BADEN GAGE & SCHROEDER LLC

Service code 99

6920 POINTE INVERNESS WAY #300 · FORT WAYNE, IN 46804

Other Fees

$14,424

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 99 · EIN 71-0294708

Other Fees

$10,250

LH CARBIDE PROFIT SHARING & SALARY SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LH CARBIDE PROFIT SHARING & SALARY SAVINGS 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