Retirement plan

LUSTER PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Name: LUSTER PRODUCTS, INC. - LUSTER PRODUCTS, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: LUSTER PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUSTER PRODUCTS, INC. 401(K) PROFIT SHARING PLAN, LUSTER PRODUCTS, INC.

LUSTER PRODUCTS, INC.EIN 36-2447832Plan #001PY 2018

1104 W. 43RD STREET - CHICAGO, IL 606093342773-579-1800LinkedIn201-500 employeesconsumer goods

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$5.5M

-8.5% from 2017

Total participants

203

-10.2% from 2017

Average account balance

$29,545

+8.3% from 2017

Annual return

-8.27%

-20.56 pp from 2017

Benchmarks

See 1,975 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,975 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.24M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

102

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.

73.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$189K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+7.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$332

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
ALERUS FINANCIAL, N.A.3 years Service code 15 · EIN 45-6062081	Recordkeeping	$21,877
MESIROW FINANCIAL INVESTMENT MANAGE4+ years Filed as: MESIROW FINANCIAL INV. MGMT., INC. Service code 26 · EIN 36-3429599	Advisory (Participants)	$17,982
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$1,807
CHARLES SCHWAB & CO., INC.4+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$40K

$226 / participant

Investment mgmt$18K45.1%
Other / not subdivided$22K54.9%

% of EOY assets

0.729%

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: KUTCHINS, ROBBINS & DIAMOND, LTD.
Auditor EIN: 363856676
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,545

$58,093-49.1%

$80,022-63.1%

$56,287-47.5%

Participation rate

89.8%

73.6%+16.1pp

75.8%+13.9pp

69.9%+19.9pp

Annual return

-8.27%

34.63%-42.9pp

11.22%-19.5pp

-9.96%+1.7pp

Employer contribution / active EE

$1,933-100.0%

$2,468-100.0%

$2,111-100.0%

Participant deferral / active EE

$1,832

$3,136-41.6%

$3,686-50.3%

$3,350-45.3%

Admin fee / account holder

$215

$623-65.4%

$6,521-96.7%

$521-58.6%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.3 years

Service code 15 · EIN 45-6062081

Recordkeeping

$21,877

MESIROW FINANCIAL INVESTMENT MANAGE4+ years

Filed as: MESIROW FINANCIAL INV. MGMT., INC.

Service code 26 · EIN 36-3429599

Advisory (Participants)

$17,982

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$1,807

CHARLES SCHWAB & CO., INC.4+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

LUSTER PRODUCTS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUSTER PRODUCTS, INC. 401(K) 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