Retirement plan

LABCONCO CORP PROFIT SHARING RETIREMENT PLAN - KC HOURLY EMPLOYEES

Name: LABCONCO CORPORATION - LABCONCO CORP PROFIT SHARING RETIREMENT PLAN - KC HOURLY EMPLOYEES (2020) Form 5500
Creator: LABCONCO CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LABCONCO CORP PROFIT SHARING RETIREMENT PLAN - KC HOURLY EMPLOYEES, LABCONCO CORPORATION

LABCONCO CORPORATIONEIN 44-0319750Plan #003PY 2020

8811 PROSPECT AVENUE - KANSAS CITY, MO 641322663816-333-8811labconco.comLinkedIn201-500 employeesbiotechnology

Other plans on this EIN

1 filing

#001Retirement-$59.8M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.7M

-1.9% from 2019

Total participants

107

+1.9% from 2019

Average account balance

$38,308

-3.0% from 2019

Annual return

7.82%

-11.68 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.73M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

101

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.

81.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$671K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$187

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

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$891K

$10486 / participant

Other / not subdivided$891K100.0%

% of EOY assets

24.235%

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

$38,308

$78,428-51.2%

$95,960-60.1%

$79,852-52.0%

Participation rate

87.1%

73.5%+13.6pp

77.1%+10.0pp

69.6%+17.4pp

Annual return

7.82%

19.37%-11.6pp

91.63%-83.8pp

31.72%-23.9pp

Employer contribution / active EE

$3,306

$1,945+69.9%

$2,541+30.1%

$2,471+33.8%

Participant deferral / active EE

$2,663

$3,440-22.6%

$4,167-36.1%

$3,740-28.8%

Admin fee / account holder

$9,284

$5,622+65.1%

$6,797+36.6%

$5,306+75.0%

LABCONCO CORP PROFIT SHARING RETIREMENT PLAN - KC HOURLY EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LABCONCO CORP PROFIT SHARING RETIREMENT PLAN - KC HOURLY EMPLOYEES

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