Retirement plan

LAGOON CORP. & AFFILIATES PROFIT SHARING PLAN

Name: LAGOON CORPORATION AND AFFILIATES - LAGOON CORP. & AFFILIATES PROFIT SHARING PLAN (2024) Form 5500
Creator: LAGOON CORPORATION AND AFFILIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAGOON CORP. & AFFILIATES PROFIT SHARING PLAN, LAGOON CORPORATION AND AFFILIATES

LAGOON CORPORATION AND AFFILIATESEIN 87-0201171Plan #001PY 2024

P. O. BOX 696 - FARMINGTON, UT 840250696801-292-2379

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$66.4M

+15.0% from 2023

Total participants

291

+7.0% from 2023

Average account balance

$244,069

+8.7% from 2023

Annual return

14.40%

-5.05 pp from 2023

Benchmarks

See 827 peers

Peer group

Industry71 - Arts, Entertainment, and Recreation

Plan typeDefined contribution

Participants100-249

Cohort827 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.39M

Not enough data

1 years with asset history on file

Average account balance

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

$244K

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.

272

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.

90.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$517

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 MANAGEMENT6 years Service code 33 · EIN 41-1416330	Securities brokerage	$131,678
USI CONSULTING GROUP5 years Service code 12 · EIN 06-1053228	Consulting (pension); Valuation (appr...	$7,662
US BANK6 years Filed as: US BANK NATIONAL ASSOCIATION Service code 28 · EIN 31-0841368	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2H2J2K3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$141K

$725 / participant

Recordkeeping$8K5.4%
Investment mgmt$133K94.6%

% of EOY assets

0.212%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$244,069

$52,450+365.3%

$129,339+88.7%

$74,400+228.1%

Participation rate

90.2%

53.8%+36.4pp

69.6%+20.6pp

67.2%+23.0pp

Annual return

14.40%

15.65%-1.2pp

9437.05%-9422.7pp

1367.51%-1353.1pp

Employer contribution / active EE

$6,165

$1,532+302.4%

$4,154+48.4%

$2,624+134.9%

Participant deferral / active EE

$3,242

$2,797+15.9%

$4,170-22.3%

$4,348-25.4%

Admin fee / account holder

$517

$2,636-80.4%

$7,668-93.3%

$1,944-73.4%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT6 years

Service code 33 · EIN 41-1416330

Securities brokerage

$131,678

USI CONSULTING GROUP5 years

Service code 12 · EIN 06-1053228

Consulting (pension); Valuation (appr...

$7,662

US BANK6 years

Filed as: US BANK NATIONAL ASSOCIATION

Service code 28 · EIN 31-0841368

Investment Management

LAGOON CORP. & AFFILIATES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAGOON CORP. & AFFILIATES 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