Retirement plan

INLAND LAKES MANAGEMENT, INC 401(K) RETIREMENT PLAN

Name: INLAND LAKES MANAGEMENT, INC - INLAND LAKES MANAGEMENT, INC 401(K) RETIREMENT PLAN (2022) Form 5500
Creator: INLAND LAKES MANAGEMENT, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INLAND LAKES MANAGEMENT, INC 401(K) RETIREMENT PLAN, INLAND LAKES MANAGEMENT, INC

INLAND LAKES MANAGEMENT, INCEIN 38-2733182Plan #001PY 2022

561 EAST WESTERN AVENUE - MUSKEGON, MI 49442231-728-2226LinkedIn1-10 employeesmaritime

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.8M

-14.9% from 2021

Total participants

0.0% from 2021

Average account balance

$171,010

-12.4% from 2021

Annual return

-15.96%

-34.60 pp from 2021

Benchmarks

See 8,690 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants<25

Cohort8,690 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.02M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

139.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$416K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

-24.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$90835

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 codes2E2F2G2J2T

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$347K

$19251 / participant

Other / not subdivided$347K100.0%

% of EOY assets

5.960%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$171,010

$82,288+107.8%

$68,794+148.6%

$134,509+27.1%

Participation rate

94.4%

75.1%+19.4pp

69.0%+25.4pp

81.2%+13.2pp

Annual return

-15.96%

-2.19%-13.8pp

-6.37%-9.6pp

418.13%-434.1pp

Employer contribution / active EE

$12,718

$3,301+285.3%

$2,656+378.9%

$4,741+168.3%

Participant deferral / active EE

$9,749

$4,738+105.7%

$3,941+147.3%

$6,400+52.3%

Admin fee / account holder

$10,192

$6,482+57.2%

$4,934+106.5%

$11,427-10.8%

INLAND LAKES MANAGEMENT, INC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INLAND LAKES MANAGEMENT, INC 401(K) RETIREMENT 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