Retirement plan

LIFE SCIENCE PRODUCTS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN

Name: LIFE SCIENCE PRODUCTS, INC. - LIFE SCIENCE PRODUCTS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: LIFE SCIENCE PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFE SCIENCE PRODUCTS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN, LIFE SCIENCE PRODUCTS, INC.

LIFE SCIENCE PRODUCTS, INC.EIN 52-1067425Plan #001PY 2020

124 SPEER ROAD - CHESTERTOWN, MD 21620800-638-9874

Other plans on this EIN

1 filing

#002Retirement-$2.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.9M

+12.1% from 2019

Total participants

-3.6% from 2019

Average account balance

$55,418

+16.3% from 2019

Annual return

16.55%

+10.15 pp from 2019

Benchmarks

See 9,207 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,207 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.36M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$310K

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

+9.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31123

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

$246K

$9455 / participant

Other / not subdivided$246K100.0%

% of EOY assets

8.369%

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

$55,418

$91,559-39.5%

$133,971-58.6%

$79,852-30.6%

Participation rate

100.0%

73.3%+26.7pp

79.8%+20.2pp

69.6%+30.4pp

Annual return

16.55%

61.85%-45.3pp

45.09%-28.5pp

31.72%-15.2pp

Employer contribution / active EE

$2,384-100.0%

$3,919-100.0%

$2,471-100.0%

Participant deferral / active EE

$4,379

$3,734+17.3%

$5,047-13.2%

$3,740+17.1%

Admin fee / account holder

$4,638

$6,321-26.6%

$8,929-48.1%

$5,306-12.6%

LIFE SCIENCE PRODUCTS, INC. EMPLOYEES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIFE SCIENCE PRODUCTS, INC. EMPLOYEES 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