Retirement plan

LANE & MCCLAIN DISTRIBUTORS, INC. PROFIT SHARING PLAN

Name: LANE & MCCLAIN DISTRIBUTORS, INC. - LANE & MCCLAIN DISTRIBUTORS, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: LANE & MCCLAIN DISTRIBUTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANE & MCCLAIN DISTRIBUTORS, INC. PROFIT SHARING PLAN, LANE & MCCLAIN DISTRIBUTORS, INC.

LANE & MCCLAIN DISTRIBUTORS, INC.EIN 75-1020133Plan #001PY 2020

2062 IRVING BLVD. - DALLAS, TX 75207214-748-7669laneandmcclain.comLinkedIn11-50 employeesfood & beverages

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+22.5% from 2019

Total participants

+9.4% from 2019

Average account balance

$38,585

+14.4% from 2019

Annual return

11.29%

-1.73 pp from 2019

Benchmarks

See 22,194 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,194 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.26M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$103K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8231

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 codes2E2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$27K

$1305 / participant

Other / not subdivided$27K100.0%

% of EOY assets

2.367%

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

$38,585

$162,821-76.3%

$133,978-71.2%

$158,982-75.7%

Participation rate

76.2%

83.2%-7.0pp

79.8%-3.7pp

82.0%-5.8pp

Annual return

11.29%

41.95%-30.7pp

45.10%-33.8pp

302.99%-291.7pp

Employer contribution / active EE

$2,174

$4,976-56.3%

$3,919-44.5%

$4,763-54.4%

Participant deferral / active EE

$3,770

$5,910-36.2%

$5,047-25.3%

$5,983-37.0%

Admin fee / account holder

$913

$11,742-92.2%

$8,930-89.8%

$11,252-91.9%

LANE & MCCLAIN DISTRIBUTORS, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANE & MCCLAIN DISTRIBUTORS, INC. 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