Retirement plan

LAWSON PRODUCTS, INC. AND CERTAIN AFFILIATES RETIREMENT PLAN

Name: LAWSON PRODUCTS, INC. - LAWSON PRODUCTS, INC. AND CERTAIN AFFILIATES RETIREMENT PLAN (2020) Form 5500
Creator: LAWSON PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAWSON PRODUCTS, INC. AND CERTAIN AFFILIATES RETIREMENT PLAN, LAWSON PRODUCTS, INC.

LAWSON PRODUCTS, INC.EIN 36-2229304Plan #001PY 2020

8770 W. BRYN MAWR AVE. SUITE 900 - CHICAGO, IL 60631773-304-5458

Other plans on this EIN

1 filing

#002Retirement-$112K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$150.2M

-99.9% from 2016

Total participants

2,016

-99.7% from 2016

Average account balance

$75,775

-80.9% from 2016

Annual return

19.71%

-11.72 pp from 2016

Benchmarks

See 289 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort289 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$304.54M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

2,937

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.

67.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.29M

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

+69.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-39

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 4 by compensation

Provider	Service type	Compensation
DIMEO SCHNEIDER & ASSOCIATES LLC5 years Filed as: DIMEO SCHNEIDER & ASSOCIATES, LLC Service code 27 · EIN 36-4001763	Advisory (Plan)	$35,000
CROWE LLP2 years Service code 10 · EIN 35-0921680	Accounting	$17,740
STRATEGIC ADVISORS, INC.3 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$13,925
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	-$27,984

Plan features & details

Pension benefit codes2F2G2J2S2T2E

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$39K

$30 / participant

Investment mgmt$14K36.1%
Other / not subdivided$25K63.9%

% of EOY assets

0.026%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,775

$82,783-8.5%

$133,982-43.4%

$90,274-16.1%

Participation rate

97.4%

81.3%+16.1pp

79.8%+17.6pp

73.4%+24.0pp

Annual return

19.71%

21.89%-2.2pp

45.10%-25.4pp

53.97%-34.3pp

Employer contribution / active EE

$2,223

$2,388-6.9%

$3,919-43.3%

$2,523-11.9%

Participant deferral / active EE

$5,123

$4,291+19.4%

$5,047+1.5%

$4,231+21.1%

Admin fee / account holder

$20

$93-78.9%

$8,930-99.8%

$114-82.9%

Provider

Service type

Compensation

DIMEO SCHNEIDER & ASSOCIATES LLC5 years

Filed as: DIMEO SCHNEIDER & ASSOCIATES, LLC

Service code 27 · EIN 36-4001763

Advisory (Plan)

$35,000

CROWE LLP2 years

Service code 10 · EIN 35-0921680

Accounting

$17,740

STRATEGIC ADVISORS, INC.3 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$13,925

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

-$27,984

LAWSON PRODUCTS, INC. AND CERTAIN AFFILIATES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAWSON PRODUCTS, INC. AND CERTAIN AFFILIATES RETIREMENT 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