Retirement plan

LANTIS ENTERPRISES, INC. 401(K) PLAN

Name: LANTIS ENTERPRISES, INC. - LANTIS ENTERPRISES, INC. 401(K) PLAN (2020) Form 5500
Creator: LANTIS ENTERPRISES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANTIS ENTERPRISES, INC. 401(K) PLAN, LANTIS ENTERPRISES, INC.

LANTIS ENTERPRISES, INC.EIN 47-0615920Plan #001PY 2020

4755 EAST COLORADO BLVD - SPEARFISH, SD 577830699605-642-7736lantisnet.comLinkedIn1001-5000 employeesmanagement consulting

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$5.2M

+20.3% from 2019

Total participants

644

-2.3% from 2019

Average account balance

$28,319

+26.2% from 2019

Annual return

15.37%

-24.00 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.29M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

132

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.

31.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$252K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$922

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

+15.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$391

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 3 by compensation

Provider	Service type	Compensation
WEALTHPLAN PARTNERS INC2 years Service code 26 101 SOUTH 108TH AVENUE · OMAHA, NE 68154	Advisory (Participants)	$17,600
JOHN HANCOCK LIFE INSURANCE COMPANY2 years Service code 15 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$825
BENEFIT PLANS ADMIN SERVICES, INC.2 years Filed as: BENEFIT PLANS, INC. Service code 13 16924 FRANCES STREET, SUITE 100 · OMAHA, NE 68130	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2G2J2K3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$10 / participant

Investment mgmt$6K100.0%

% of EOY assets

0.113%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CASEY PETERSON, LTD
Auditor EIN: 460403496
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,319

$52,293-45.8%

$178,498-84.1%

$73,412-61.4%

Participation rate

23.7%

65.3%-41.6pp

81.9%-58.2pp

72.2%-48.5pp

Annual return

15.37%

34.75%-19.4pp

151.09%-135.7pp

59.30%-43.9pp

Employer contribution / active EE

$1,735-100.0%

$5,011-100.0%

$2,234-100.0%

Participant deferral / active EE

$783

$2,332-66.4%

$5,202-84.9%

$3,806-79.4%

Admin fee / account holder

$32

$127-74.9%

$13,985-99.8%

$158-79.8%

Provider

Service type

Compensation

WEALTHPLAN PARTNERS INC2 years

Service code 26

101 SOUTH 108TH AVENUE · OMAHA, NE 68154

Advisory (Participants)

$17,600

JOHN HANCOCK LIFE INSURANCE COMPANY2 years

Service code 15

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$825

BENEFIT PLANS ADMIN SERVICES, INC.2 years

Filed as: BENEFIT PLANS, INC.

Service code 13

16924 FRANCES STREET, SUITE 100 · OMAHA, NE 68130

Contract Administrator

LANTIS ENTERPRISES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANTIS ENTERPRISES, INC. 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