Retirement plan

LIDWORKS 401(K) SAVINGS PLAN

Name: LIDWORKS, CO. - LIDWORKS 401(K) SAVINGS PLAN (2023) Form 5500
Creator: LIDWORKS, CO.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIDWORKS 401(K) SAVINGS PLAN, LIDWORKS, CO.

LIDWORKS, CO.EIN 59-2529324Plan #001PY 2023

2706 S TURKEY CREEK ROAD - PLANT CITY, FL 33566813-752-5579lidworks.comLinkedIn51-200 employeespackaging and containers

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$5.8M

+21.0% from 2022

Total participants

152

-8.4% from 2022

Average account balance

$43,405

+31.8% from 2022

Annual return

15.56%

+30.35 pp from 2022

Benchmarks

See 1,940 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,940 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.90M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

175

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.

92.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$611K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$261

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 2 by compensation

Provider	Service type	Compensation
MINNESOTA LIFE INSURANCE COMPANY3 years Service code 13 · EIN 41-0417830	Contract Administrator	$18,517
SAGEPOINT FINANCIAL INC2 years Filed as: RESOURCE INVESTMENT ADVISORS Service code 17 PO BOX 735399 · DALLAS, TX 75373	Pension Consulting	$18,376

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$37K

$282 / participant

Contract admin$37K100.0%

% of EOY assets

0.634%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: LAPLANT & RAINEY, CPAS
Auditor EIN: 271320570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,405

$71,523-39.3%

$98,461-55.9%

$71,511-39.3%

Participation rate

86.3%

72.7%+13.6pp

75.2%+11.1pp

67.9%+18.3pp

Annual return

15.56%

32.43%-16.9pp

21.17%-5.6pp

28.86%-13.3pp

Employer contribution / active EE

$1,250

$2,399-47.9%

$3,049-59.0%

$2,589-51.7%

Participant deferral / active EE

$2,687

$4,109-34.6%

$4,738-43.3%

$4,291-37.4%

Admin fee / account holder

$275

$1,676-83.6%

$8,961-96.9%

$1,588-82.7%

Provider

Service type

Compensation

MINNESOTA LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 41-0417830

Contract Administrator

$18,517

SAGEPOINT FINANCIAL INC2 years

Filed as: RESOURCE INVESTMENT ADVISORS

Service code 17

PO BOX 735399 · DALLAS, TX 75373

Pension Consulting

$18,376

LIDWORKS 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIDWORKS 401(K) SAVINGS 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