Retirement plan

LYNCH LIVESTOCK, INC. 401(K) PROFIT SHARING PLAN

Name: LYNCH LIVESTOCK - LYNCH LIVESTOCK, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: LYNCH LIVESTOCK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LYNCH LIVESTOCK, INC. 401(K) PROFIT SHARING PLAN, LYNCH LIVESTOCK

LYNCH LIVESTOCKdba LYNCH LIVESTOCKEIN 42-1081789Plan #001PY 2024

331 3RD ST NW - WAUCOMA, IA 52171563-776-3002lynchlivestock.comLinkedIn501-1000 employeesconsumer goods

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$18.2M

+14.5% from 2023

Total participants

1,491

+9.5% from 2023

Average account balance

$58,847

+7.1% from 2023

Annual return

10.84%

-4.19 pp from 2023

Benchmarks

See 79 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort79 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.18M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

309

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.

16.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

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

+10.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$271

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
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$41,092
FIRST INTERSTATE WEALTH MANAGEMENT2 years Filed as: FIRST INTERSTATE BANK OF COMMERCE Service code 27 · EIN 81-6023169	Advisory (Plan)	$34,985
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,641

Plan features & details

Pension benefit codes2E2G2J2T3H2K2F3D

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$84K

$59 / participant

Recordkeeping$41K48.7%
Investment mgmt$43K50.9%
Contract admin$3000.4%

% of EOY assets

0.460%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HACKER, NELSON & CO PC
Auditor EIN: 421040336
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,847

$55,347+6.3%

$120,574-51.2%

$199,960-70.6%

Participation rate

16.3%

52.9%-36.5pp

71.9%-55.6pp

72.0%-55.6pp

Annual return

10.84%

15.37%-4.5pp

107.42%-96.6pp

34.28%-23.4pp

Employer contribution / active EE

$179

$1,296-86.2%

$3,471-94.9%

$3,036-94.1%

Participant deferral / active EE

$922

$2,350-60.8%

$4,996-81.5%

$5,087-81.9%

Admin fee / account holder

$271

$134+101.9%

$9,445-97.1%

$269+0.6%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$41,092

FIRST INTERSTATE WEALTH MANAGEMENT2 years

Filed as: FIRST INTERSTATE BANK OF COMMERCE

Service code 27 · EIN 81-6023169

Advisory (Plan)

$34,985

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,641

LYNCH LIVESTOCK, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LYNCH LIVESTOCK, INC. 401(K) PROFIT SHARING 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