Retirement plan

LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND TRUST

Name: M. LIPSITZ & CO., LTD - LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND TRUST (2019) Form 5500
Creator: M. LIPSITZ & CO., LTD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND TRUST, M. LIPSITZ & CO., LTD

M. LIPSITZ & CO., LTDEIN 74-1474940Plan #001PY 2019

P.O. BOX 1175 - WACO, TX 76703254-756-6661

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$16.9M

+17.2% from 2018

Total participants

307

+10.4% from 2018

Average account balance

$61,403

+6.6% from 2018

Annual return

18.24%

+23.18 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.54M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

249

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.

91.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$977K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+9.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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
WELLS FARGO BANK, N.A.5+ years Service code 15 · EIN 94-1347393	Recordkeeping	$72,353
WITHUMSMITH+BROWN, PC1 year Filed as: PATTILLO, BROWN & HILL, LLP Service code 10 · EIN 74-2751720	Accounting	$5,000

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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$77K

$336 / participant

Other / not subdivided$77K100.0%

% of EOY assets

0.458%

all-in expense ratio

Categories reported

0 / 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: PATTILLO, BROWN & HILL
Auditor EIN: 741130599
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,403

$65,378-6.1%

$87,103-29.5%

$65,186-5.8%

Participation rate

86.1%

75.3%+10.7pp

76.9%+9.2pp

70.2%+15.9pp

Annual return

18.24%

31.28%-13.0pp

28.19%-9.9pp

29.39%-11.1pp

Employer contribution / active EE

$1,379

$1,823-24.4%

$2,521-45.3%

$2,177-36.7%

Participant deferral / active EE

$1,189

$3,389-64.9%

$4,049-70.6%

$3,514-66.2%

Admin fee / account holder

$281

$520-45.9%

$7,491-96.2%

$847-66.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$72,353

WITHUMSMITH+BROWN, PC1 year

Filed as: PATTILLO, BROWN & HILL, LLP

Service code 10 · EIN 74-2751720

Accounting

$5,000

LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIPSITZ INDUSTRIES EMPLOYEES PROFIT SHARING PLAN AND TRUST

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