Retirement plan

LENZING FIBERS INC. RETIREMENT SAVINGS AND 401(K) PLAN

Name: LENZING FIBERS INC. - LENZING FIBERS INC. RETIREMENT SAVINGS AND 401(K) PLAN (2024) Form 5500
Creator: LENZING FIBERS INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LENZING FIBERS INC. RETIREMENT SAVINGS AND 401(K) PLAN, LENZING FIBERS INC.

LENZING FIBERS INC.EIN 51-0394692Plan #002PY 2024

12950 HIGHWAY 43 NORTH - AXIS, AL 36505251-679-2200

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.1M

+9.5% from 2023

Total participants

112

-2.6% from 2023

Average account balance

$225,719

+13.4% from 2023

Annual return

16.16%

-4.43 pp from 2023

Benchmarks

See 5,399 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort5,399 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.05M

Not enough data

1 years with asset history on file

Average account balance

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

$226K

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.

111

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+16.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34025

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 codes2E2F2G2J2T3D

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.
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

$3.8M

$41503 / participant

Other / not subdivided$4M100.0%

% of EOY assets

15.074%

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

$225,719

$87,106+159.1%

$105,607+113.7%

$80,935+178.9%

Participation rate

98.9%

70.4%+28.5pp

75.3%+23.6pp

67.7%+31.2pp

Annual return

16.16%

17.01%-0.8pp

116.11%-99.9pp

35.66%-19.5pp

Employer contribution / active EE

$13,382

$2,396+458.5%

$3,167+322.6%

$2,757+385.4%

Participant deferral / active EE

$11,117

$3,986+178.9%

$5,011+121.8%

$4,299+158.6%

Admin fee / account holder

$34,025

$8,447+302.8%

$10,958+210.5%

$6,924+391.4%

LENZING FIBERS INC. RETIREMENT SAVINGS AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LENZING FIBERS INC. RETIREMENT SAVINGS AND 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