Retirement plan

LEPPINK'S INC. 401(K) PLAN

Name: LEPPINK'S, INC. - LEPPINK'S INC. 401(K) PLAN (2024) Form 5500
Creator: LEPPINK'S, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEPPINK'S INC. 401(K) PLAN, LEPPINK'S, INC.

LEPPINK'S, INC.EIN 38-1885785Plan #001PY 2024

303 WEST MAIN STREET - BELDING, MI 48809616-794-3660LinkedIn201-500 employeesfood & beverages

Prospect flagsHigh feesLow participationLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.7M

+1.9% from 2023

Total participants

237

+16.2% from 2023

Average account balance

$62,408

+9.6% from 2023

Annual return

13.14%

-4.50 pp from 2023

Benchmarks

See 2,310 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,310 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.68M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

107

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.

41.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$248K

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

+13.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$438

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
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 · EIN 38-1337372 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$42,380
SKYSAIL WEALTH MANAGEMENT LLC4 years Service code 27 · EIN 85-0907376 16863 ARBOR WAY DR · NUNICA, MI 49448	Advisory (Plan)	$17,149
MAP RETIREMENT, INC.6 years Service code 13 · EIN 39-1884254 W6180 AEROTECH DR · APPLETON, WI 54914	Contract Administrator	$12,497
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 38-1337372 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,522
DOEREN MAYHEW1 year Filed as: DOEREN MAYHEW GRAND RAPIDS PLLC DBA Service code 10 · EIN 38-2492570 56 CESAR E CHAVEZ AVE SW STE 100 · GRAND RAPIDS, MI 49503	Accounting	$1,201

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$47K

$211 / participant

Investment mgmt$47K100.0%

% of EOY assets

0.702%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOEREN MAYHEW ASSURANCE
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,408

$59,448+5.0%

$93,696-33.4%

$74,459-16.2%

Participation rate

41.4%

59.6%-18.2pp

68.7%-27.3pp

67.2%-25.8pp

Annual return

13.14%

82.11%-69.0pp

133.74%-120.6pp

1369.70%-1356.6pp

Employer contribution / active EE

$199

$1,266-84.3%

$2,422-91.8%

$2,626-92.4%

Participant deferral / active EE

$918

$3,052-69.9%

$4,417-79.2%

$4,350-78.9%

Admin fee / account holder

$438

$3,027-85.5%

$8,287-94.7%

$1,945-77.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64 · EIN 38-1337372

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$42,380

SKYSAIL WEALTH MANAGEMENT LLC4 years

Service code 27 · EIN 85-0907376

16863 ARBOR WAY DR · NUNICA, MI 49448

Advisory (Plan)

$17,149

MAP RETIREMENT, INC.6 years

Service code 13 · EIN 39-1884254

W6180 AEROTECH DR · APPLETON, WI 54914

Contract Administrator

$12,497

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28 · EIN 38-1337372

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,522

DOEREN MAYHEW1 year

Filed as: DOEREN MAYHEW GRAND RAPIDS PLLC DBA

Service code 10 · EIN 38-2492570

56 CESAR E CHAVEZ AVE SW STE 100 · GRAND RAPIDS, MI 49503

Accounting

$1,201

LEPPINK'S INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEPPINK'S INC. 401(K) 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