Retirement plan

LUCAS/SIGNATONE CORPORATION 401(K) PROFIT SHARING PLAN RETIREMENT TRUST

Name: LUCAS/SIGNATONE CORPORATION - LUCAS/SIGNATONE CORPORATION 401(K) PROFIT SHARING PLAN RETIREMENT TRUST (2023) Form 5500
Creator: LUCAS/SIGNATONE CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUCAS/SIGNATONE CORPORATION 401(K) PROFIT SHARING PLAN RETIREMENT TRUST, LUCAS/SIGNATONE CORPORATION

LUCAS/SIGNATONE CORPORATIONEIN 77-0250135Plan #001PY 2023

393-J TOMKINS COURT - GILROY, CA 95020408-848-2851signatone.comLinkedIn51-200 employeessemiconductors

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$10.4M

+16.6% from 2022

Total participants

+8.0% from 2022

Average account balance

$454,097

+21.7% from 2022

Annual return

14.80%

+29.78 pp from 2022

Benchmarks

See 22,651 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort22,651 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.87M

Not enough data

1 years with asset history on file

Average account balance

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

$495K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$176K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$73734

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 codes2E2F2G2J3D

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.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$85K

$4474 / participant

Other / not subdivided$85K100.0%

% of EOY assets

0.814%

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

$454,097

$110,307+311.7%

$96,576+370.2%

$139,456+225.6%

Participation rate

78.9%

78.1%+0.8pp

76.0%+3.0pp

80.3%-1.4pp

Annual return

14.80%

26.40%-11.6pp

25.87%-11.1pp

373.45%-358.7pp

Employer contribution / active EE

$2,345

$3,619-35.2%

$2,965-20.9%

$4,753-50.7%

Participant deferral / active EE

$7,013

$5,547+26.4%

$4,851+44.6%

$6,711+4.5%

Admin fee / account holder

$3,696

$11,597-68.1%

$8,253-55.2%

$11,407-67.6%

LUCAS/SIGNATONE CORPORATION 401(K) PROFIT SHARING PLAN RETIREMENT TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUCAS/SIGNATONE CORPORATION 401(K) PROFIT SHARING PLAN RETIREMENT 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