Retirement plan

LAKEVIEW FARMS, LLC 401(K) PLAN

Name: LAKEVIEW FARMS HOLDINGS, INC. - LAKEVIEW FARMS, LLC 401(K) PLAN (2024) Form 5500
Creator: LAKEVIEW FARMS HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKEVIEW FARMS, LLC 401(K) PLAN, LAKEVIEW FARMS HOLDINGS, INC.

LAKEVIEW FARMS HOLDINGS, INC.EIN 45-2870019Plan #001PY 2024

PO BOX 98 - DELPHOS, OH 45833419-695-9925

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$26.9M

+13.3% from 2023

Total participants

1,139

+29.6% from 2023

Average account balance

$44,309

+4.0% from 2023

Annual return

14.57%

-3.67 pp from 2023

Benchmarks

See 745 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort745 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.94M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

608

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.

41.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 4 by compensation

Provider	Service type	Compensation
ALLIANCE PENSION CONSULTANTS, LLC5+ years Service code 15 · EIN 36-4389114	Recordkeeping	$80,000
OAKSTREET WEALTH MANAGEMENT5+ years Service code 27 · EIN 82-1589061	Advisory (Plan)	$20,000
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$7,805
CHARLES SCHWAB & CO., INC.5+ years Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$100K

$109 / participant

Recordkeeping$80K80.0%
Investment mgmt$20K20.0%

% of EOY assets

0.371%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FREED MAXICK CPAS, P.C.
Auditor EIN: 454051133
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,309

$66,457-33.3%

$81,438-45.6%

$77,671-43.0%

Participation rate

41.9%

68.7%-26.8pp

69.5%-27.6pp

70.6%-28.7pp

Annual return

14.57%

15.93%-1.4pp

24.74%-10.2pp

31.21%-16.6pp

Employer contribution / active EE

$1,327

$2,159-38.6%

$2,460-46.1%

$2,726-51.3%

Participant deferral / active EE

$2,640

$3,679-28.2%

$3,883-32.0%

$4,648-43.2%

Admin fee / account holder

$164

$583-71.8%

$5,764-97.1%

$430-61.8%

Provider

Service type

Compensation

ALLIANCE PENSION CONSULTANTS, LLC5+ years

Service code 15 · EIN 36-4389114

Recordkeeping

$80,000

OAKSTREET WEALTH MANAGEMENT5+ years

Service code 27 · EIN 82-1589061

Advisory (Plan)

$20,000

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$7,805

CHARLES SCHWAB & CO., INC.5+ years

Service code 19 · EIN 94-1737782

Securities Custodian

LAKEVIEW FARMS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAKEVIEW FARMS, LLC 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