Retirement plan

LANE AUTOMOTIVE INC. PROFIT SHARING / 401(K) PLAN

Name: LANE AUTOMOTIVE INC. - LANE AUTOMOTIVE INC. PROFIT SHARING / 401(K) PLAN (2017) Form 5500
Creator: LANE AUTOMOTIVE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANE AUTOMOTIVE INC. PROFIT SHARING / 401(K) PLAN, LANE AUTOMOTIVE INC.

LANE AUTOMOTIVE INC.EIN 38-1902345Plan #001PY 2017

8300 LANE DRIVE - WATERVLIET, MI 49098269-463-4113laneautomotive.comLinkedIn201-500 employeesautomotive

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$18.7M

+18.2% from 2016

Total participants

362

+23.5% from 2016

Average account balance

$53,158

-4.3% from 2016

Annual return

13.30%

+6.62 pp from 2016

Benchmarks

See 1,218 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,218 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.72M

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.

448

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.

79.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.29M

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

+12.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 2 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 15 · EIN 13-5674085	Recordkeeping	$21,807
RENDEL ELIE & ASSOCIATES2 years Service code 10 · EIN 30-0002279	Accounting	$6,300

Plan features & details

Pension benefit codes2T2E2J2F2G3D2S2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$13K

$43 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.070%

all-in expense ratio

Categories reported

0 / 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: PLANTE & MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,158

$48,064+10.6%

$78,778-32.5%

$69,631-23.7%

Participation rate

96.7%

61.6%+35.1pp

69.2%+27.5pp

70.7%+26.0pp

Annual return

13.30%

21.81%-8.5pp

35.62%-22.3pp

27571.02%-27557.7pp

Employer contribution / active EE

$1,601

$744+115.4%

$1,986-19.4%

$2,032-21.2%

Participant deferral / active EE

$2,258

$2,079+8.6%

$2,958-23.7%

$3,224-30.0%

Admin fee / account holder

$37

$152-75.4%

$5,134-99.3%

$110-66.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 15 · EIN 13-5674085

Recordkeeping

$21,807

RENDEL ELIE & ASSOCIATES2 years

Service code 10 · EIN 30-0002279

Accounting

$6,300

LANE AUTOMOTIVE INC. PROFIT SHARING / 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANE AUTOMOTIVE INC. PROFIT SHARING / 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