Retirement plan

CHICAGO LAMINATING, INC 401K PROFIT SHARING PLAN AND TRUST

Name: CHICAGO LAMINATING, INC. - CHICAGO LAMINATING, INC 401K PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: CHICAGO LAMINATING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHICAGO LAMINATING, INC 401K PROFIT SHARING PLAN AND TRUST, CHICAGO LAMINATING, INC.

CHICAGO LAMINATING, INC.EIN 36-4431986Plan #002PY 2022

125 S WEILER RD - ARLINGTON, IL 60005847-437-6850chicagolam.comLinkedIn1-10 employeesprinting

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$304K

+0.7% from 2021

Total participants

+15.0% from 2021

Average account balance

$30,423

-39.6% from 2021

Annual return

-15.90%

-28.92 pp from 2021

Benchmarks

See 8,667 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,667 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$331K

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$1K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17337

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$30,423

$105,867-71.3%

$90,760-66.5%

$134,532-77.4%

Participation rate

40.9%

78.3%-37.3pp

75.7%-34.8pp

81.2%-40.3pp

Annual return

-15.90%

-10.99%-4.9pp

-12.16%-3.7pp

418.27%-434.2pp

Employer contribution / active EE

$3,464-100.0%

$2,922-100.0%

$4,741-100.0%

Participant deferral / active EE

$2,281

$5,217-56.3%

$4,565-50.0%

$6,401-64.4%

Admin fee / account holder

$13,936-100.0%

$8,444-100.0%

$11,429-100.0%

CHICAGO LAMINATING, INC 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CHICAGO LAMINATING, INC 401K PROFIT SHARING PLAN AND TRUST

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