Retirement plan

DESSERT HOLDINGS 401(K) SAVINGS PLAN

Name: LAWLER FOODS, LTD. - DESSERT HOLDINGS 401(K) SAVINGS PLAN (2023) Form 5500
Creator: LAWLER FOODS, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DESSERT HOLDINGS 401(K) SAVINGS PLAN, LAWLER FOODS, LTD.

LAWLER FOODS, LTD.EIN 76-0418074Plan #001PY 2023

P.O. BOX 2558 - HUMBLE, TX 77347281-446-0059

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$20.7M

+20.3% from 2022

Total participants

638

-4.2% from 2022

Average account balance

$43,918

+27.9% from 2022

Annual return

17.35%

+34.28 pp from 2022

Benchmarks

See 755 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort755 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.74M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

754

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.

50.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.06M

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

+100.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$85

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 3 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT7 years Service code 27 · EIN 41-1416330	Advisory (Plan)	$30,000
BDO USA, LLP2 years Filed as: BDO USA, P.C. Service code 10 · EIN 13-5381590	Accounting	$20,228
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 60 · EIN 04-2647786	Sub-TA Fees	$16,252

Plan features & details

Pension benefit codes3H2E2F2G2J2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$64K

$135 / participant

Recordkeeping$16K25.3%
Investment mgmt$34K53.0%
Other / not subdivided$14K21.7%

% of EOY assets

0.309%

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: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: $13,890
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,918

$69,823-37.1%

$76,902-42.9%

$74,473-41.0%

Participation rate

65.1%

70.0%-4.9pp

69.6%-4.5pp

70.7%-5.6pp

Annual return

17.35%

19.99%-2.6pp

37.91%-20.6pp

34.36%-17.0pp

Employer contribution / active EE

$1,258

$2,148-41.4%

$2,534-50.3%

$2,638-52.3%

Participant deferral / active EE

$2,523

$3,558-29.1%

$3,833-34.2%

$4,530-44.3%

Admin fee / account holder

$136

$398-65.8%

$5,479-97.5%

$347-60.9%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT7 years

Service code 27 · EIN 41-1416330

Advisory (Plan)

$30,000

BDO USA, LLP2 years

Filed as: BDO USA, P.C.

Service code 10 · EIN 13-5381590

Accounting

$20,228

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

$16,252

DESSERT HOLDINGS 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DESSERT HOLDINGS 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