Retirement plan

LABTHINK INTERNATIONAL, INC. RETIREMENT PLAN

Name: LABTHINK INTERNATIONAL, INC. - LABTHINK INTERNATIONAL, INC. RETIREMENT PLAN (2022) Form 5500
Creator: LABTHINK INTERNATIONAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LABTHINK INTERNATIONAL, INC. RETIREMENT PLAN, LABTHINK INTERNATIONAL, INC.

LABTHINK INTERNATIONAL, INC.EIN 45-5508993Plan #001PY 2022

200 RIVERS EDGE DRIVE - MEDFORD, MA 02155617-830-2190labthinkinternational.comLinkedIn11-50 employeespackaging and containers

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$951K

-13.6% from 2021

Total participants

0.0% from 2021

Average account balance

$158,462

-13.6% from 2021

Annual return

-10.33%

-307.40 pp from 2021

Benchmarks

See 22,369 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,369 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.34M

Not enough data

1 years with asset history on file

Average account balance

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

$223K

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.

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1085

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

0 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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$95K

$23843 / participant

Other / not subdivided$95K100.0%

% of EOY assets

10.031%

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

$158,462

$100,805+57.2%

$86,698+82.8%

$134,532+17.8%

Participation rate

75.0%

79.0%-4.0pp

76.6%-1.6pp

81.2%-6.2pp

Annual return

-10.33%

29.09%-39.4pp

35.95%-46.3pp

418.27%-428.6pp

Employer contribution / active EE

$1,037

$3,490-70.3%

$2,837-63.5%

$4,741-78.1%

Participant deferral / active EE

$13,354

$5,339+150.1%

$4,656+186.8%

$6,401+108.6%

Admin fee / account holder

$15,896

$10,925+45.5%

$7,493+112.1%

$11,429+39.1%

LABTHINK INTERNATIONAL, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LABTHINK INTERNATIONAL, INC. RETIREMENT 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