Retirement plan

LTS LOHMANN THERAPY SYSTEMS CORP. 401(K) RETIREMENT PLAN

Name: LTS LOHMANN THERAPY SYSTEMS CORP. - LTS LOHMANN THERAPY SYSTEMS CORP. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: LTS LOHMANN THERAPY SYSTEMS CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LTS LOHMANN THERAPY SYSTEMS CORP. 401(K) RETIREMENT PLAN, LTS LOHMANN THERAPY SYSTEMS CORP.

LTS LOHMANN THERAPY SYSTEMS CORP.EIN 52-1824249Plan #001PY 2024

21 HENDERSON DRIVE - WEST CALDWELL, NJ 07006862-257-5505lts-corp.comLinkedIn1001-5000 employeespharmaceuticals

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$67M

+45.9% from 2023

Total participants

470

+52.1% from 2023

Average account balance

$167,414

-10.2% from 2023

Annual return

58.38%

+43.21 pp from 2023

Benchmarks

See 1,160 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,160 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.97M

Not enough data

1 years with asset history on file

Average account balance

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

$167K

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.

400

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.

82.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+58.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$621

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 5 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC5 years Filed as: RESOURCES INVESTMENT ADVISORS, LLC Service code 28 4860 COLLEGE BLVD · OVERLAND PARK, KS 66211	Investment Management	$127,045
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$37,267
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Filed as: ONE DIGITAL TOPCO LLC DBA RESOURCES Service code 27 PO BOX 735399 · DALLAS, TX 75373	Advisory (Plan)	$26,250
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSON ALLEN Service code 10 P.O. BOX 829709 · PHILADELPHIA, PA 19182	Accounting	$20,685
COHNREZNICK LLP1 year Service code 10 ONE BOSTON PL · BOSTON, MA 02108	Accounting	$20,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$248K

$607 / participant

Recordkeeping$54K21.9%
Investment mgmt$153K61.7%
Other / not subdivided$41K16.4%

% of EOY assets

0.371%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $40,685
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,414

$92,076+81.8%

$105,608+58.5%

$77,714+115.4%

Participation rate

82.9%

81.0%+1.9pp

75.3%+7.6pp

70.6%+12.3pp

Annual return

58.38%

17.84%+40.5pp

116.50%-58.1pp

31.26%+27.1pp

Employer contribution / active EE

$4,194

$3,370+24.5%

$3,167+32.4%

$2,727+53.8%

Participant deferral / active EE

$7,553

$5,390+40.1%

$5,010+50.8%

$4,649+62.5%

Admin fee / account holder

$621

$219+183.7%

$11,028-94.4%

$433+43.4%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC5 years

Filed as: RESOURCES INVESTMENT ADVISORS, LLC

Service code 28

4860 COLLEGE BLVD · OVERLAND PARK, KS 66211

Investment Management

$127,045

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$37,267

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Filed as: ONE DIGITAL TOPCO LLC DBA RESOURCES

Service code 27

PO BOX 735399 · DALLAS, TX 75373

Advisory (Plan)

$26,250

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSON ALLEN

Service code 10

P.O. BOX 829709 · PHILADELPHIA, PA 19182

Accounting

$20,685

COHNREZNICK LLP1 year

Service code 10

ONE BOSTON PL · BOSTON, MA 02108

Accounting

$20,000

LTS LOHMANN THERAPY SYSTEMS CORP. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LTS LOHMANN THERAPY SYSTEMS CORP. 401(K) 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