Retirement plan

LOWRY MANUFACTURING COMPANY 401(K) PROFIT SHARING PLAN

Name: LMC ENTERPISES, INC. DBA LOWRY MANUFACTURING COMPANY - LOWRY MANUFACTURING COMPANY 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: LMC ENTERPISES, INC. DBA LOWRY MANUFACTURING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LOWRY MANUFACTURING COMPANY 401(K) PROFIT SHARING PLAN, LMC ENTERPISES, INC. DBA LOWRY MANUFACTURING COMPANY

LMC ENTERPISES, INC. DBA LOWRY MANUFACTURING COMPANYEIN 46-4298927Plan #001PY 2018

317 CHERRY STREET - LOWRY, MN 56349320-283-5450

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.6M

-2.8% from 2017

Total participants

+4.2% from 2017

Average account balance

$184,258

-6.7% from 2017

Annual return

-5.43%

-17.42 pp from 2017

Benchmarks

See 21,281 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort21,281 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.49M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

119.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$291K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22020

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 codes2E2G3D2F2T

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.
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.

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

$238K

$11347 / participant

Other / not subdivided$238K100.0%

% of EOY assets

5.173%

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

$184,258

$92,219+99.8%

$76,767+140.0%

$135,380+36.1%

Participation rate

100.0%

79.8%+20.2pp

77.0%+23.0pp

82.6%+17.4pp

Annual return

-5.43%

5.46%-10.9pp

2.43%-7.9pp

519.81%-525.2pp

Employer contribution / active EE

$9,447

$3,216+193.8%

$2,485+280.1%

$4,779+97.7%

Participant deferral / active EE

$6,859

$4,508+52.1%

$3,852+78.1%

$5,609+22.3%

Admin fee / account holder

$9,532

$10,749-11.3%

$6,675+42.8%

$10,828-12.0%

LOWRY MANUFACTURING COMPANY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LOWRY MANUFACTURING COMPANY 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