Retirement plan

LEPPINK'S INC. 401(K) PLAN

Name: LEPPINK'S, INC. - LEPPINK'S INC. 401(K) PLAN (2018) 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 2018

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

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$7.1M

-5.8% from 2017

Total participants

288

+4.0% from 2017

Average account balance

$35,154

-0.2% from 2017

Annual return

-6.52%

-22.79 pp from 2017

Benchmarks

See 1,272 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,272 peers

Snapshot2018

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 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$51,009
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES INC Service code 53 · EIN 04-2746212	Insurance Commissions	$8,302
ADAM DOWNS1 year Filed as: ADAM LAAKKO Service code 53 99 MONROE AVE NW STE 700 · GRAND RAPIDS, MI 49503	Insurance Commissions	$3,781
BENEFIT ADMINISTRATION, INC.1 year Filed as: BENEFIT ADMINISTRATION OF MI Service code 13 · EIN 81-2851479	Contract Administrator	$0
BENEFIT ADMINISTRATION, INC.1 year Service code 13 · EIN 39-1884254	Contract Administrator	$0
MAP RETIREMENT, INC.1 year Filed as: MAP RETIREMENT OF MICHIGAN, INC. Service code 13 W6180 AEROTECH DRIVE · APPLETON, WI 54914	Contract Administrator	$0
MARK NARDELLA1 year Filed as: MARK KEATING Service code 53 99 MONROE AVE NW STE 700 · GRAND RAPIDS, MI 49503	Insurance Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$51K

$195 / participant

Contract admin$51K100.0%

% of EOY assets

0.718%

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: BEENE GARTER LLP
Auditor EIN: 381337372
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,154

$35,485-0.9%

$74,552-52.8%

$55,725-36.9%

Participation rate

67.2%

62.5%+4.6pp

69.1%-2.0pp

70.9%-3.7pp

Annual return

-6.52%

0.72%-7.2pp

32.53%-39.1pp

244.93%-251.5pp

Employer contribution / active EE

$266

$777-65.8%

$1,961-86.5%

$2,078-87.2%

Participant deferral / active EE

$1,339

$2,181-38.6%

$3,108-56.9%

$3,356-60.1%

Admin fee / account holder

$253

$114+120.9%

$5,060-95.0%

$115+119.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$51,009

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES INC

Service code 53 · EIN 04-2746212

Insurance Commissions

$8,302

ADAM DOWNS1 year

Filed as: ADAM LAAKKO

Service code 53

99 MONROE AVE NW STE 700 · GRAND RAPIDS, MI 49503

Insurance Commissions

$3,781

BENEFIT ADMINISTRATION, INC.1 year

Filed as: BENEFIT ADMINISTRATION OF MI

Service code 13 · EIN 81-2851479

Contract Administrator

BENEFIT ADMINISTRATION, INC.1 year

Service code 13 · EIN 39-1884254

Contract Administrator

MAP RETIREMENT, INC.1 year

Filed as: MAP RETIREMENT OF MICHIGAN, INC.

Service code 13

W6180 AEROTECH DRIVE · APPLETON, WI 54914

Contract Administrator

MARK NARDELLA1 year

Filed as: MARK KEATING

Service code 53

99 MONROE AVE NW STE 700 · GRAND RAPIDS, MI 49503

Insurance Commissions

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