Retirement plan

LABCONCO CORP PROFIT SHARING RETIREMENT PLAN - KC HOURLY EMPLOYEES

Name: LABCONCO CORPORATION - LABCONCO CORP PROFIT SHARING RETIREMENT PLAN - KC HOURLY EMPLOYEES (2022) 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 2022

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

Other plans on this EIN

1 filing

#001Retirement-$53.6M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$3.8M

-16.1% from 2021

Total participants

127

+2.4% from 2021

Average account balance

$32,200

-23.2% from 2021

Annual return

-15.69%

-28.29 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Top 1 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Service code 15 · EIN 13-5674085	Recordkeeping	$18,761

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$21K

$203 / participant

Investment mgmt$21K100.0%

% of EOY assets

0.544%

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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$32,200

$65,453-50.8%

$86,698-62.9%

$66,938-51.9%

Participation rate

91.2%

75.5%+15.7pp

76.6%+14.6pp

69.8%+21.4pp

Annual return

-15.69%

-10.89%-4.8pp

35.95%-51.6pp

1.58%-17.3pp

Employer contribution / active EE

$3,730

$2,154+73.2%

$2,837+31.5%

$2,545+46.5%

Participant deferral / active EE

$3,214

$4,102-21.6%

$4,656-31.0%

$4,238-24.2%

Admin fee / account holder

$175

$642-72.7%

$7,493-97.7%

$594-70.5%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Service code 15 · EIN 13-5674085

Recordkeeping

$18,761

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