Retirement plan

LAKESIDE SURFACES 401(K) PLAN

Name: LAKESIDE SURFACES, LLC - LAKESIDE SURFACES 401(K) PLAN (2023) Form 5500
Creator: LAKESIDE SURFACES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKESIDE SURFACES 401(K) PLAN, LAKESIDE SURFACES, LLC

LAKESIDE SURFACES, LLCEIN 38-3594873Plan #001PY 2023

2265 BLACK CREEK ROAD - MUSKEGON, MI 494442673231-798-8872lakesidesurfaces.comLinkedIn51-200 employeesbuilding materials

Prospect flagsLow assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$3.5M

+24.4% from 2022

Total participants

226

+4.6% from 2022

Average account balance

$16,356

+19.8% from 2022

Annual return

20.00%

+35.73 pp from 2022

Benchmarks

See 2,283 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,283 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.24M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

216

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$662K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS5 years Service code 15 · EIN 13-3689044 230 W MONROE ST STE 1150 · CHICAGO, IL 60606	Recordkeeping	$14,836
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$12,843
EPIC RETIREMENT PLAN SERVICES7 years Filed as: KDP RETIREMENT PLAN SERVICES, LLC Service code 15 · EIN 38-3478073 3060 LAKE EASTBROOK BLVD SE · GRAND RAPIDS, MI 49512	Recordkeeping	$3,217

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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 assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$31K

$232 / participant

Contract admin$31K100.0%

% of EOY assets

0.891%

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: MEYAARD TOLMAN & VENLET P.C.
Auditor EIN: 382598193
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,356

$54,729-70.1%

$86,235-81.0%

$71,529-77.1%

Participation rate

89.5%

60.1%+29.4pp

69.0%+20.5pp

67.9%+21.5pp

Annual return

20.00%

20.07%-0.1pp

1170.03%-1150.0pp

28.97%-9.0pp

Employer contribution / active EE

$1,353

$1,267+6.8%

$2,381-43.2%

$2,590-47.8%

Participant deferral / active EE

$3,515

$3,110+13.0%

$3,987-11.8%

$4,291-18.1%

Admin fee / account holder

$146

$1,921-92.4%

$6,856-97.9%

$1,588-90.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS5 years

Service code 15 · EIN 13-3689044

230 W MONROE ST STE 1150 · CHICAGO, IL 60606

Recordkeeping

$14,836

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$12,843

EPIC RETIREMENT PLAN SERVICES7 years

Filed as: KDP RETIREMENT PLAN SERVICES, LLC

Service code 15 · EIN 38-3478073

3060 LAKE EASTBROOK BLVD SE · GRAND RAPIDS, MI 49512

Recordkeeping

$3,217

LAKESIDE SURFACES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAKESIDE SURFACES 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